Malaysia-based Capbay focuses on another small niche in the B2B payments space: Supply chain and peer-to-peer business financing. Founded in 2016, the service tries to help small- and medium-sized enterprises unlock cash stuck somewhere in the supply chain. In mid-2023, Capbay announced that it had provided 1 billion Malaysian ringgit ($230 million) in funds to Malaysian SMEs. And, importantly for a service based in Muslim-majority Malaysia, the service complies with shariah law.
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