Malaysia's long-stay rental solutions provider, LiveIn, has formed a new partnership with P2P financing company, CapBay, to offer financing to property owners during this challenging period.
This move is an effort to help property owners optimize cashflow quickly, as many of them have been suffering due to the nationwide shutdowns and global decline on tourism.
Through the new partnership, property owners who need funds to furnish, renovate, or improve their units for the purposes of long-term rental are now able to apply for financial assistance from CapBay and become a partner of LiveIn as one of its owners.
CapBay is one of Malaysia’s licensed alternative financing platforms, with a Peer-to-Peer (P2P) financing licensed by Securities Commission Malaysia.
Since its inception, CapBay has facilitated over 2,500 B2B transactions worth over RM150 million.
Moving forward, LiveIn is optimistic that this new partnership will enable property owners to improve their overall business performance and expect better rental returns in the future
"CapBay’s financial solutions help business owners optimise their cash flow and support their business growth. This collaboration with LiveIn offers greater value proposition to customers and creates the opportunity for more owners to come on board as LiveIn partners", said Ang Xing Xian, one of the co- founders of CapBay.
"Through the financing solutions offered by CapBay, owners can now join us as partners without hesitation. LiveIn works with our partners to furnish and renovate their units to create a more consistent and comfortable experience for LiveIn customers. By outsourcing their tenant management fully to LiveIn, owners can expect faster and greater rental returns for their property", said Keek Wen Khai, CEO of LiveIn.