Malaysian CapitalBay to supply chain-financing ProcureHere’s customers
Published 22 October, 2018
The multibank supply chain finance platform collaborate with Privasia to offer digital supply financing to its ProcureHere’s customers
Malaysian fintech company focusing on supply chain finance CapitalBay announced a collaboration with e-procurement platform by Privasia, ProcureHere.
With the collaboration, ProcureHere’s users can bridge their cash flow gap using CapitalBay’s service, in which both parties – the buyer who makes and the supplier receiving the order – will be able to apply for supply chain finance from CapitalBay via ProcureHere.
With the arrangement, ProcureHere’s users will get paid earlier for their invoices and buyers have the option to pay later.
Source From YAHOO