CapBay and MDEC have opened a RM200 million financing pool for companies with Malaysia Digital status.
Under the MD Technology Financing Programme, eligible companies can apply for up to RM3 million with repayment periods of up to 60 months.
Rates start from 6 percent per annum and include a six-month repayment grace period.
The programme covers established technology companies as well as early-stage and pre-profit start-ups that have operated for at least six months.
It targets asset-light businesses that may struggle to secure conventional financing because they lack physical collateral.
CapBay will assess applications using a credit model based on business fundamentals and growth potential.
Ang Xing Xian, Co-Founder and Group CEO of CapBay said,
“We are proud to partner with MDEC to welcome early-stage start-ups from just six months of incorporation, offering non-dilutive debt financing at a stage where equity is often their only option, and broadening the financing options available to Malaysia’s technology sector.
MDEC CEO Anuar Fariz Fadzil said,
“Access to financing is often a key catalyst in enabling innovative companies to commercialise solutions, expand into new markets and accelerate their growth journeys.
Through our collaboration with companies such as CapBay, we aim to bridge financing gaps and enable high-potential technology companies to access the resources needed to scale sustainably and compete regionally and globally.”
The programme also supports Malaysia’s AI Nation 2030 ambitions.
CapBay has facilitated more than RM5.6 billion in financing for over 2,600 enterprises since 2016.
Eligible companies can apply through CapBay’s digital platform.
Featured image: Edited by Fintech News Malaysia, based on image by noob via Magnific
