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KUALA LUMPUR, 17 March 2022 – Axaipay has formed a strategic partnership with Knight Capital, a licensed lending institution under the Housing and Local Government Ministry (KPKT) to help SME underdogs to become SME heroes through financing solution.
While facilitating micro, small and medium enterprises (MSME) to accept online payments, Axaipay also using big data analytic to identity MSME underdogs – the MSME who are on the right business expansion track but been ignored by the financial industry in getting financial support for business expansion.
According to Terry Yee, the CEO of Axaipay that newly setup companies are hardly to apply loan through the conventional channels as they are categorized as high risk.
“It doesn’t mean a company can’t do well if they just less than two years of operation. Based on our transaction performance monitoring, we found that quite number of MSMEs are potentially good, but they can’t get any financial support for business growth.,” said Terry Yee.
“We believe through the collaboration with Knight Capital, we can turn the MSME underdog to become a MSME hero,” Terry Yee added.