The Times Australia
News From Asia

.

Fynance Launches Its Pay Later Services for Supply Chain Financing

KUALA LUMPUR, MALAYSIA - Media OutReach - 27 June 2022 - Supply chain financing company Fynance has launched its Pay Later service that addresses the financing needs of SMEs, private companies, and sole proprietors in Malaysia.



Fynance is a recently launched supply chain financing company with the vision to help small to medium businesses grow their company through their innovative way of providing cash flow.

Maintaining a healthy cash flow is one of the top challenges for small and growing businesses in Malaysia. Companies juggle cash from customers to pay for stock, employees, and expenses. In many cases, money from profits is insufficient to reinvest and grow the businesses further while settling outstanding payments.

This vision behind Fynance was inspired by the experiences of Fynance co-founder Samuel Wong. During his time in the United States, Wong started several businesses there with the assistance of similar financing companies targeted at empowering businesses and other financial startups with improved cash flow sustainability.

When Wong moved back to Malaysia, he wanted to give businesses locally the same opportunities that were available to him in the US. He aimed to create something fast and efficient so that cash is readily available to businesses, allowing them to leverage on business opportunities instead of turning them down due to cash flow limitations.

The benefits of Fynance Pay Later solutions may vary from business to business. For example, some businesses may require the liquidity to invest in more stock, whereas others may need the extra cash to invest in machinery to produce more efficiently.

To apply for the Pay Later financing, businesses simply need to sign up on our platform via our website fynance.io and upload some financial documentation and company details. The Fynance team will then determine how much of their invoices from suppliers we are willing to fund after we do our credit checks. Upon approval, businesses can then utilize the service to pay their suppliers and gradually settle their repayment with Fynance in flexible installments.

Fynance Pay Later also gives registered suppliers the option of selling us their receivables so they can have access to cash instantly.

To learn more or sign up for Fynance Pay Later, head to their website, fynance.io.

ABOUT FYNANCE

Fynance is a technology-focused supply chain financing company with an innovative way of funding our clients to enable them to maximize their cash flow. Supply chain financing is a term that describes a third party facilitating an exchange between a buyer and seller by paying the seller on behalf of the customer.

#Fynance

The issuer is solely responsible for the content of this announcement.

Times Magazine

Understanding ITIL 4 and PRINCE2 Project Management Synergy

Key Highlights ITIL 4 focuses on IT service management, emphasising continual improvement and value creation through modern digital transformation approaches. PRINCE2 project management supports systematic planning and execution of projects wit...

What AI Adoption Means for the Future of Workplace Risk Management

Image by freepik As industrial operations become more complex and fast-paced, the risks faced by workers and employers alike continue to grow. Traditional safety models—reliant on manual oversight, reactive investigations, and standardised checklist...

From Beach Bops to Alpine Anthems: Your Sonos Survival Guide for a Long Weekend Escape

Alright, fellow adventurers and relaxation enthusiasts! So, you've packed your bags, charged your devices, and mentally prepared for that glorious King's Birthday long weekend. But hold on, are you really ready? Because a true long weekend warrior kn...

Effective Commercial Pest Control Solutions for a Safer Workplace

Keeping a workplace clean, safe, and free from pests is essential for maintaining productivity, protecting employee health, and upholding a company's reputation. Pests pose health risks, can cause structural damage, and can lead to serious legal an...

The Science Behind Reverse Osmosis and Why It Matters

What is reverse osmosis? Reverse osmosis (RO) is a water purification process that removes contaminants by forcing water through a semi-permeable membrane. This membrane allows only water molecules to pass through while blocking impurities such as...

Foodbank Queensland celebrates local hero for National Volunteer Week

Stephen Carey is a bit bananas.   He splits his time between his insurance broker business, caring for his young family, and volunteering for Foodbank Queensland one day a week. He’s even run the Bridge to Brisbane in a banana suit to raise mon...

The Times Features

Metal Roof Replacement Cost Per Square Metre in 2025: A Comprehensive Guide for Australian Homeowners

In recent years, the trend of installing metal roofs has surged across Australia. With their reputation for being both robust and visually appealing, it's easy to understand thei...

Why You’re Always Adjusting Your Bra — and What to Do Instead

Image by freepik It starts with a gentle tug, then a subtle shift, and before you know it, you're adjusting your bra again — in the middle of work, at dinner, even on the couch. I...

How to Tell If Your Eyes Are Working Harder Than They Should Be

Image by freepik Most of us take our vision for granted—until it starts to let us down. Whether it's squinting at your phone, rubbing your eyes at the end of the day, or feeling ...

Ways to Attract Tenants in a Competitive Rental Market

In the kind of rental market we’ve got now, standing out is half the battle. The other half? Actually getting someone to sign that lease. With interest rates doing backflips and ...

Top Tips for Finding the Ideal Block to Build Your Home

There’s something deeply personal and exciting about building your own home. You’re not just choosing paint colours or furniture, you’re creating a space that reflects your lifes...

The Home Buying Process Explained Step by Step

Buying a home is a thrilling milestone, but it can also feel like navigating a maze without a map. With paperwork, finances, and decisions at every turn, understanding the home-b...