Malaysia-based P2P supply chain financing medium- CapBay has reportedly secured USD 20 million in Series A funding round. As per sources, the funding round was led by existing investor - KK Fund- a Singaporean venture capital company that actively invests in new ventures across South East Asia and has a strong base in Malaysia since the year 2015. It is worth noting that, in 2017, CapBay had raised nearly USD 500,000 during a funding round led by KK Fund. Other notable Malaysian investors include various angel investors holding expertise in technology, finance, and developing startup companies. In a statement by the company, the raised funds will help with efficient financing and facilitate market expansion to reach a wider panel of investors and underserved small and medium- enterprises. As per reliable sources, in December 2020, CapBay announced that it had injected RM 100 million or USD 24.71 million as funds across 500 investment notes on its P2P platform ever since its introduction in March 2020. To date, the Malaysian startup has facilitated approximately USD 198 million across 10,000 transactions that cover SMEs. Speaking along similar lines, CapBay has also widened its investment offerings for P2P investors through a strategic partnership with leading institutions. The company has emerged as one of the first fintech companies and became a part of the Vendor Financing Programme known as PERINTIS offered by the national telecommunications giant- Telekom Malaysia Bhdâ€™s in September 2020. Seemingly, the partnership between CapBay and leading institutions has allowed investors to pour funds alongside institutional investors in a safe asset class that is supported by corporate and government receivables. Notably, the company has recently inked a strategic alliance with Kenanga to develop the countryâ€™s first Islamic Supply Chain Finance fintech company. Additionally, CapBay has also invested in building the Shariah-compliant supply chain finance system through the acquisition of Kenanga Capital Islamic Sdn Bhd.