Ep 8. Capital Bay
CapitalBay is a multi-bank supply chain finance startup, they are here to help your business unlock cashflow.
Basically, if you run a business, you probably hate having to wait for 30 to 90 days just to collect your invoice payments after goods have been delivered. You want to get cash, now. On the other hand, you also hope that your suppliers don’t collect cash immediately but would rather give you another 90 days to pay.
CapitalBay is setup to help businesses do exactly that – if you are a supplier, they pay you cash first so you don’t have to wait for your customers to pay you.
Alternatively, if you are a customer, they will pay your suppliers first so that you don’t have to pay that soon. Thus, helping your business extend your cash flow, allowing you to do more and bigger business, without having to be constraints by insufficient working capital.
Ang Xing Xian, CEO and Co-founder of Capital Bay with Zackrey Zainol, Marketing Manager of Capital Bay in this episode unlocks the secret to successful cashflow for businesses. As they tell stories about challenges as a fintech startup, especially to navigate on the regulatory in Malaysia, that hasn’t stop Xing Xian to move the big rock.
Check them out at www.capitalbay.com.my