What Capsphere does

Capsphere (legal entity CapSphere Services Sdn. Bhd.) is a Kuala Lumpur-based private limited company founded in 2016 that operates Malaysia's first asset-based peer-to-peer (P2P) financing platform, registered with Securities Commission Malaysia under the Capital Markets and Services Act 2007. The platform matches Malaysian SMEs seeking capital (RM50,000 to RM1 million per note, with up to 3-year tenure) with individual investors who subscribe to asset-collateralised Investment Notes, and is the first end-to-end Shariah-compliant asset-based P2P platform in Malaysia, offering Conventional and Islamic Notes structured via Commodity Murabahah/Tawarruq. Underwriting is performed manually by an in-house credit team, and each investment note is secured against borrower-pledged collateral (residential, commercial, industrial property, inventory, vehicles, or equipment).

The platform monetises through a 1-2% service fee on issuer payments, a 1% restructuring fee, RM0.10 withdrawal fees, RM1 FPX processing fees, and 6% SST where applicable. Distribution is product-led and self-serve: investors register in 3 minutes and start from RM50, while SMEs apply online and can be funded within 2 weeks. Channels include the web platform, iOS and Android apps built on Flutter, social media, content marketing, and a partner network spanning RHB Bank (trustee), MyCIF and SCIF (government co-investment), imSME (CGC), BizSmart Solution (Alliance Bank), Winacore Capital, and others. A 2024 product extension, Capsphere Safevesting, introduces Guaranteed Notes with 5-6% net returns backed by a Guaranteeing Entity, broadening the addressable investor base to risk-averse retail.

The founder-led company has a small team of 1-10 employees, including the Yoon family in CEO/COO/Director roles, a CTO and a credit function, supported by an advisory bench of senior ex-bankers from Bank of America, ANZ, Maybank, RHB, and CIMB, plus a former CEO of Capital Markets Malaysia. Total disclosed funding to date is approximately US$1.6 million, primarily from a 2016 round supplemented by smaller grants from Cradle Fund, the Selangor Accelerator Programme, and SC Malaysia.

Name

Capsphere

Legal name

CapSphere Services Sdn. Bhd.

Website

https://capsphere.com.my

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Capsphere is a Malaysian Securities Commission-registered P2P financing platform that matches SMEs seeking asset-backed funding of RM50K–RM1M with individual investors purchasing collateralised Investment Notes, including the first end-to-end Shariah-compliant notes in Malaysia, and earned via 1–2% transaction fees.

Ownership category

akta.pro rank

Product category

Peer-to-Peer Financing Platform

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Loan Brokers (6163)

akta.pro primary industry

SME Term Loans & Growth Capital (FSAKAGAB)

akta.pro secondary industries

SME Equipment & Asset Finance (Leasing, Fleet, Capex) (FSABABAH), Equipment & Asset Finance (SME) (FSAKAGAF)

Keywords

• Peer-to-peer lending
• SME financing
• Asset-based lending
• Shariah-compliant financing
• Investment platform

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Investor Service Fees: Capsphere charges 1% to 2% service fee from the payments of Investment Notes when they are paid by the Issuer. The exact charge depends on the size and tenure of the Investment Note. If the Issuer is unable to continue to pay, Investors will not be charged a service fee on the remaining uncollected amount.
2. Issuer Fees: Administrative fees charged to issuers for restructuring requests (1% of outstanding Investment Note) and prepayment processing fees.
3. Withdrawal and Processing Fees: RM 0.10 withdrawal fee per transaction, FPX processing fee of RM 1 per transaction, and SST of 6% if applicable.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Capsphere operates a peer-to-peer financing platform that connects Malaysian SMEs seeking capital with individual investors. SMEs apply for financing of RM50,000 to RM1 million (up to 3-year tenure) by pledging collateral; investors purchase asset-backed Investment Notes (conventional or Shariah-compliant) starting from RM50 minimum, earning 8-12% p.a. The platform also offers Safevesting Guaranteed Notes with 5-6% net returns and principal protection for risk-averse investors.

Product overview

Capsphere operates as a single unified P2P financing platform offering asset-based financing that connects SMEs with investors. The core product is the Capsphere P2P Financing Platform, which offers two main investment note types: Conventional Investment Notes and Islamic Investment Notes (Shariah-compliant via Commodity Murabahah via Tawarruq). The platform provides financing solutions including Term Financing, Contract Financing, Invoice Financing, and Shariah Financing for SMEs. A notable sub-product is Capsphere Safevesting, which offers Guaranteed Notes with principal protection backed by a Guaranteeing Entity, providing returns of 5-6% p.a. for risk-averse investors. The platform also features an Auto Invest functionality for automated investment management.

Differentiator

Problem solved

Functional benefit

Brands

• Capsphere Safevesting: Guaranteed Notes offering expected and stable payments over a specified term, with guaranteed principal and returns of up to 6% p.a.

Products and services

• Capsphere P2P Financing Platform Malaysia's first asset-based P2P financing platform that connects SMEs seeking funding with individual investors, with every Investment Note backed by collateral assets.
• Capsphere Safevesting Guaranteed Notes Guaranteed Notes product with principal protection and returns of 5-6% net per annum, backed by a Guaranteeing Entity, targeted at risk-averse investors.
• Conventional Investment Notes Standard asset-backed P2P investment notes issued by Malaysian SMEs, providing monthly interest payments and principal repayment to investors per the Investment Note terms.
• Islamic Investment Notes Shariah-compliant asset-backed P2P investment notes using Commodity Murabahah via Tawarruq arrangement, providing ethical returns for Muslim investors.
• Term Financing Term financing for SMEs covering capital expenditure, business expansion, and working capital, with Investment Note listings of RM50,000 to RM1 million and up to 3 years tenure.
• Contract Financing Financing solution for SMEs based on contract financing arrangements, enabling businesses to access capital tied to their contractual receivables.
• Invoice Financing Financing solution for SMEs based on invoice financing arrangements, allowing businesses to obtain capital against outstanding invoices.
• Shariah Financing Shariah-compliant SME financing solution following strict Islamic governance and the Commodity Murabahah via Tawarruq arrangement.

Quantifiable outcome

• Financing amounts from RM50,000 to RM1 million
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• MasryefcoreTechnology or IntegrationRegistered Shariah Adviser under Securities Commission Malaysia and partner of MDEC. Provides Shariah compliance advisory for Islamic financing products.
• BizSmart SolutionminorChannel Partner/ Reseller/ DistributorB2B portal partnership with Alliance Bank where SMEs can find banking and non-banking solutions and get connected to the SME community.
• imSMEminorChannel Partner/ Reseller/ DistributorSME Financing/Loan Referral Platform by Credit Guarantee Corporation Malaysia Berhad (CGC). Provides referral channel for SME borrowers.
• IPP Financial PlanningminorChannel Partner/ Reseller/ DistributorPioneer in comprehensive financial consultation and planning with vision to bring financial success to Malaysians.
• Village CapitalminorStrategic or Co-development PartnerImpact-investing organization supporting finance forward Southeast Asia programme. Recognized Capsphere in their programme.
• CradleminorStrategic or Co-development PartnerGovernment-backed startup funding agency supporting early-stage companies in Malaysia.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Funding Societies (Modalku): Funding Societies / Modalku is the largest P2P financing platform operating in Malaysia and across Southeast Asia, providing business financing to SMEs and investment opportunities to retail and institutional investors. Directly competes with Capsphere for both Malaysian SME borrowers and retail lenders under SC Malaysia registration.
• ManagePay Systems: ManagePay is a Malaysian fintech operating payment and lending platforms including SME financing services under SC Malaysia oversight. Comparable as a Malaysian-domiciled, SC-regulated platform serving SMEs with digital financing products alongside a broader fintech stack.
• CapitalBay: CapitalBay is a Malaysia-based P2P financing platform registered with SC Malaysia, providing invoice financing and working capital loans to SMEs and Shariah-compliant options. Closely comparable to Capsphere in target segment (Malaysian SMEs), Shariah vs. conventional dual track, and asset-backediated financing focus.

Regional players

• Validus Capital: Validus is a Singapore-headquartered SME financing platform providing working capital loans to SMEs with investor participation, regulated by MAS. Comparable in addressing SME financing gaps through digital marketplaces and asset-backed structures, though primarily Singapore-focused rather than Malaysian.
• KoinWorks: KoinWorks is one of Indonesia's largest P2P lending platforms serving SMEs and individual borrowers, regulated by OJK. Comparable in business model (P2P SME financing with retail investor participation), product mix, and Southeast Asia regulatory framework context, though operating primarily in Indonesia rather than Malaysia.
• Crowdo: Crowdo is a Southeast Asian P2P lending and invoice financing operator with Singapore as its primary base and operations across Malaysia and Indonesia. Comparable business model and cross-border SME financing focus, though larger regional footprint than Capsphere.

Broad incumbents

• CIMB Bank (CIMB Niaga P2P/Fintech arm): CIMB is one of Malaysia's largest banking groups with SME financing, digital lending, and Shariah-compliant Islamic banking capabilities across ASEAN. Comparable as a major incumbent offering SME financing in the same Malaysian market, though as a much larger full-service institution rather than a specialized P2P operator.
• RHB Bank: RHB Bank is the fourth-largest fully integrated financial institution in Malaysia and acts as trustee for Capsphere's investor funds. Comparable as a Malaysian incumbent providing commercial banking and SME lending services, and directly relevant given its dual role as Capsphere partner and broader SME financing competitor.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCctn0IuIQMVkyFLh-6Nrbdw
• Facebookfacebook.com/capsphere
• LinkedInlinkedin.com/company/capsphere
• Instagraminstagram.com/capsphere

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capsphere