Kenanga allocates US$7.1 mil for SMEs looking to raise Islamic Financing on CapBay’s P2P platform

• Not equity investment into CapBay but provide funds for Shariah-compliant financing
• Kenanga believes digital platform enables a faster, more convenient process for SMEs

In a boost for SMEs seeking shariah compliant financing, Bay Group Holdings Sdn Bhd, which operates as CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform has secured US$7.1…