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CIMB Bank Singapore Partners SESAMi-Capital Match to Bring Cost-effective E-supply Chain Financing Solutions to the Supplier Community

CIMB Bank Berhad, Singapore branch (“CIMB”) today announced its collaboration with SESAMi Holding and Capital Match, to finance the SESAMi trading community’s invoices digitally under an automated workflow.

14 November 2019

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Photo: From left to right – Mr Sharath Singh, Commercial Director of Capital Match; Mr Ong Teck Soon, Chairman and Group CEO of SESAMi Holding; Mr Victor Lee, Deputy CEO of CIMB Singapore and CEO of CIMB Group Commercial Banking; Ms Lai Ven Li, Head of Corporate Banking of CIMB Singapore; Mr Desmond Loh, Co-Head of Transaction Banking of CIMB Singapore

SESAMi Holding, an e-procurement platform in Singapore serving the supply chain needs for customers like Singtel, SATS, SIA, SRC and more, acquired Capital Match, an invoice financing marketplace with operations in Singapore and Hong Kong.  Mr Ong Teck Soon, Chairman and Group CEO of SESAMi Holding said, “SESAMi’s integrated procure-to-pay and supply chain financing allows the suppliers to access lower cost of funds by leveraging on large corporate buyers’ good credit rating.” Suppliers on SESAMi will be paid immediately on their outstanding invoices on the platform within two business days as soon as they are on-boarded on to the supply-chain financing program.


Said Mr Victor Lee, Deputy CEO of CIMB Singapore and CEO of CIMB Group Commercial Banking, “Customer experience is one of our primary focus and the collaboration with SESAMi-Capital Match presents another scalable avenue for us as we are constantly striving to digitize our services and offerings to better service our banking clients. This is aligned with the government’s framework for e-invoices and call for companies to keep up with innovation. CIMB is very proud to be part of this.”


Capital Match, the e-financing arm leading this initiative will be reaching out to the supplier community to initiate this program. “The funding process will be extremely sped up through leveraging on our Early Payment System (EPS) which was launched earlier this year for the SESAMi supplier community. With the supply-chain financing, suppliers only need to submit minimal documents to be on-boarded under the program and this will facilitate a smooth and simple process for the suppliers,” added Mr Sharath Singh, Commercial Director of Capital Match.


The process of onboarding onto this supply chain financing program is simplified, with no need to submit invoices as the e-invoices can be selected for financing via the SESAMi platform.


Added Ms Lai Ven Li, Head of Corporate Banking of CIMB Singapore, “Once the account is set up under the e-supply chain financing program, technology enables working capital funding to be promptly transferred to our customers. We want our financing package to be attractive to provide our customers a positive experience and access to new financing options. Our objective is to ensure a cost-efficient solution and non-recourse working capital funding option that supports our customers’ growth.”

About CIMB Group

CIMB Group is one of ASEAN’s leading universal banking groups and is Malaysia’s second largest financial services provider, by assets. It offers consumer banking, commercial banking, investment banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, Sri Lanka, Korea, the US and UK.


CIMB Group has the most extensive retail branch network in ASEAN approximately of 740 branches as at 30 June 2019. CIMB Group’s investment banking arm is also one of the largest Asia Pacific-based investment banks, offering amongst the most comprehensive research coverage around of 600 stocks in the region.


CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.


CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM52.3 billion as at 30 June 2019. The Group has around 36,000 employees located in 16 countries.


About SESAMi

SESAMi (Holding) (“SESAMi”) is Asia’s leading E-Procurement & E-Marketplace service provider. Its integrated suite of cloud-based procurement technology, domain knowledge and industry best practices adoption help creates competitive advantage for our esteemed clients on their Strategic Sourcing and Procure-to-Pay business processes. Since its inception in 1999, SESAMi has built a wide range of customer portfolio and enables more than 5,000 buyer users to process over 60,000 of E-Tenders/E-RFQs quotes and $6 billion worth of e-POs value annually to over 20,000 local and overseas supplier base.   


SESAMi’s acquisition of Singapore’s leading financing platform (Capital Match) in November 2018 allows the company to extend a fully integrated supply chain financing solution to corporates and their suppliers in a more timely, automated and cost-efficient manner.


Following its successful merger, Capital Match announces new management structure as it consolidates its position as the leader in SME financing in the region.

11 JULY 2019

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Capital Match, a leading invoice financing platform for Small and Medium Enterprises (SMEs), today announces new leadership, following its equity merger with SESAMi Holding, the largest e-Procurement platform in Singapore. Capital Match, joined hands with SESAMi in November 2018, to create a pioneering integrated supply chain financing (SCF) platform to revolutionize B2B businesses financing in Singapore and South East Asia.


Peer-to-peer (P2P) invoice financing facilities remain the key benchmark strengths that make Capital Match a top driver of SME financing in the region.


Established in 2014, Capital Match aims to create an inclusive channel for SMEs to access debt financing and help investors generate stronger returns. Founded in 1999, SESAMi has processed over S$6 billion of e-purchase orders and S$2 billion of e-invoices every year on its platform, while Capital Match has facilitated over S$150 million in financing from investors to SMEs in Singapore and Hong Kong.


We’re delighted to announce that Mr. Ong Teck Soon will continue to drive group leadership in his role as Executive Chairman. Mr. Konrad Tomaszewski will take a leadership role on the Capital Match Platform with the support of Mr. Enoch Tan who recently joined as Chief Investment Officer and head of CM Advisers. Mr. Pawel Kuznicki is stepping down as the CEO of Capital Match. Mr. Kuznicki has developed Capital Match from its inception in 2014 to become one of the leading platforms in Singapore and to the successful merger in 2018. The company wishes to thank him for the service and leadership and wishes him all the best for his future ahead.


The business continues to grow, and the merger parties are looking towards building a stronger footprint in the region. In the coming months, the partnership has expansion plans in other Southeast Asian countries via greenfield development and partnerships. This will involve the expansion into new products, however, the focus for the joint entity will remain on B2B companies.

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