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Malaysia based P2P Supply Chain Financing Platform, CapBay, Secures $20M with KK Fund as Returning Investor Malaysia-based CapBay, a peer to peer (P2P) supply chain financing platform, has reportedly acquired $20 million in capital via its Series A round. CapBay’s investment round saw contributions from existing investor KK Fund, a Singapore-headquartered VC firm that makes investments in startups or early-stage initiatives across the Southeast Asia region with a strong presence in Malaysia over the past few years. CapBay had previously acquired nearly $500,000 in funding during a seed round that was led by KK Fund back in 2017. Other Malaysia-based investors in CapBay’s round include several angel investors with experience in finance, tech, and early-stage or startup ventures. ....
Much will depend on the investor’s risk appetite and investment time horizon. Industry players who spoke to Wealth suggest that, as a rule of thumb, P2P financing as an asset class tends to fall between fixed income and equities in terms of risk-return. The asset class has a higher risk-return compared with fixed income because of the type of business being financed: small and medium enterprises (SMEs). SMEs tend to be riskier financing propositions in general. Concurrently, the asset class is less risky than equities because investors do not have to worry about capital depreciation (share price movements). But, P2P returns are not expected to match that of equities. ....