CapitalBay to launch P2P financing platform

New platform: Ang (second from right) and his team are seen with Finance Minister Lim Guan Eng (third from left) and SC chairman Datuk Syed Zaid Albar (fourth from left). CapitalBay will join the ranks of local P2P financing platforms.

CAPITALBAY, a multi-bank supply chain finance platform, has received the approval from the Securities Commission Malaysia (SC) to operate a peer-to-peer (P2P) financing platform.

The platform is one of five new P2P operators approved by the SC. The others are CapSphere Services, Crowd Sense, MicroLeap and MoneySave Capital.