Malaysia's P2P firm CapBay buys 49% stake in Kenanga Capital Islamic

Malaysia's P2P firm CapBay buys 49% stake in Kenanga Capital Islamic

CapBay co-founder Ang Xing Xian

Malaysian peer-to-peer (P2P) financing platform CapBay has acquired a 49 per cent stake in Kenanga Capital Islamic Sdn Bhd (KCI) to form a joint venture to create the country’s first Islamic supply chain finance fintech.