New Online Portal Launched To Help Local Businesses In Financing Challenges

myIOU launched myIOU Business+, a business-to-business financing solution. This new product is an online portal allowing purchasers to facilitate financing for their suppliers in credit terms, via a seamless and automated transaction.

myIOU Business+ is created for SMEs to enjoy the flexibility of monthly repayment via Direct Debit as well as to drive the business growth with cash flow acceleration. 

“We are continuing to see growth and we are excited to further expand our services and to have additional products that reflect the core values that the company strongly believes in,” Head of Marketing, Gwen Khor explained. She added, “Whether you’re a customer, a B2B company or even a supplier, there is something we have to offer. In Malaysia, SMEs are the backbone of our economy and in order to grow they will need a supportive financing framework amidst the post-covid recovery. Hence, we are encouraging small businesses to pursue more opportunities and to increase the profit margin by using myIOU Business+ for prompt payment’s discount offered by suppliers.”        

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