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

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.