Kuala Lumpur, 2022 – Commerze Capital Sdn. Bhd. (Commerze Capital) is ready to support small and medium enterprises (SMEs) in Malaysia by providing financial solutions for post-pandemic business revival. The company is committed to activating and strengthening its business and marketing strategy due to rising demand for financial assistance to SMEs that has been impacted by COVID-19 as well as the termination of the moratorium. Financial consulting, pre-factoring, and invoice financing are among the services that have been introduced and are tailored to the financial needs of SMEs. The packages are primarily aimed at SMEs that have been awarded contracts by the government, government-linked companies (GLCs), and selected public-listed companies (PLCs), with the latter group including SMEs without contracts, notwithstanding requiring financial advisory.
Establish partnership in vendor financing programme
The company is looking into expanding its partnership with the contract awarder by venturing into vendor financing programmes in order to stimulate business growth for SMEs. Telekom Malaysia (TM) has chosen Commerze Capital as one of the preferred financial institutions for its Perintis vendor financing programme in 2020 by providing a comprehensive financing package. Commerze Capital Chief Executive Officer, Haji Shahrom Latif, said, “In line with our mission to be the most preferred financial solutions provider for SME growth, we are committed to our business plan this year to establish partnerships in vendor financing programmes with prominent contract awarders from government, GLCs, and selected PLCs. We anticipate that this initiative would serve as a financial advisory platform for local company owners and entrepreneurs, particularly those affected by the pandemic, to help them revive and expand their businesses sustainably. In addition, we are also looking into assisting the underserved markets that encounter greater challenges in running their businesses.”
Award winning financial institution
Commerze Capital is a Bumiputera-owned corporation that is active in the Malaysian financial market. It has been in operation since 2007, when it received approval from Bank Negara Malaysia to conduct factoring, leasing, and credit building activities, as well as approval from the Ministry of Finance to factor invoices for government projects. The firm is also one of the few "eP-enabled" financial institutions that can factor invoices generated by the government's e-Perolehan systems for clients. Furthermore, Commerze Capital has also been awarded as the Best SME Solution Provider in the Finance Industry by the SME and Entrepreneurs Business Award (SEBA) in the year 2020. This is a testament to its commitment to striving further to help SMEs and provide quality financing services.
Shariah compliant financial instrument
Commerze Capital uses the Shariah principle of Tawarruq & Hawalah (exchange of debt for commodities) structure for its factoring products. The operating system, internal documentation, guidelines, and policies are meticulously reviewed and vetted by the Shariah firm Tawafuq Consultancy. The company places great emphasis on adhering to the true practice of the overall operations and in accordance with the principles of Islamic Shariah.
To learn more about Commerze Capital, visit our website at commerzecapital.com.my
