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03 January 2019

CIMB and 12 partners unveil first-in-market holistic proposition for small businesses

All-in-one proposition supports Malaysian government’s call for private sector to help grow SMEs.

Kuala Lumpur: CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”) recently introduced the CIMB Sole Proprietor & Partnership proposition, which offers a full suite of solutions for sole proprietors and partnerships to make starting and running a small business more smooth and hassle-free. CIMB Bank and CIMB Islamic have worked with 12 business partners to provide exclusive offers and special rates for various business solutions anchored on five pillars: banking operation account; payment, collection and courier services; funding and support; work space and connectivity; and digital solutions.  

The 12 partners under the CIMB Sole Proprietor & Partnership proposition are Digi, Exabytes, ARMS, Billplz, NEXT Academy, Dojo, Genius POS, EasyParcel, EasyStore, Exabytes Digital, Nomad and Sandbox. CIMB Bank and CIMB Islamic’s customers will have exclusive access to specially priced or packaged solutions ranging from electronic payments, point-of-sale software and services, logistics and co-working space, to marketing and branding, web connectivity and e-commerce. In short, all the conveniences required to speedily set up and run a small business.

Samir Gupta, CEO, Group Consumer Banking, CIMB Group, said, “97.7% of Malaysia’s SME businesses are in the small and micro enterprise category and every year, 260,000 new start-ups are registered. Starting a business is exciting, but operationalising it can be overwhelming, and this is where the CIMB Sole Proprietor & Partnership proposition helps our customers on kick starting and running their enterprise, so that they can really focus on producing and marketing their great products and services.”

“The CIMB Sole Proprietor & Partnership proposition is also in support of the government’s call for the private sector to help grow Malaysian SMEs, as announced in Budget 2019. This is what CIMB hopes to achieve with our partners, who are well-known names in their respective fields, and have been carefully chosen to complement CIMB’s offerings. This is another great milestone in CIMB’s journey to continuously enhance and add real value to our customers’ experience,” Samir added.

To enjoy the benefits and special packages under the CIMB Sole Proprietor & Partnership proposition, all that business owners need to do is sign-up for a CIMB Business Current Account/-i, which can be opened from the comfort of their home or office.

For more information on the CIMB Sole Proprietor & Partnership proposition, customers can visit https://www.cimbbank.com.my/spp

Desmond Teoh, Regional Head of Preferred Banking & Segments, Group Consumer Banking, CIMB Bank Berhad (seated centre in blazer) together with partners of CIMB Sole Proprietor & Partnership (standing, L-R): Lee Yee Ler, co-founder of Genius POS Sdn Bhd; Nhu Nguyen, Digital Marketing Manager of Exabytes Network Sdn Bhd; Jack Chan, co-founder of Dojo KL Sdn Bhd; Chan Kee Siak, CEO of Exabytes Network Sdn Bhd; Eugene Teh Yee, Chief Business Officer of Digi Telecommunications Sdn Bhd; and Casper Foo, co-founder of Sandbox Space; (seated, L-R): Clarence Leong, CEO of EasyParcel Sdn Bhd; Teh How Kiat, CEO of ARMS Software International Sdn Bhd; Nazroof Hakim, CEO of Bill Plz Sdn Bhd; Audrey Ling, CEO of NEXT Academy and Alan Kok, co-founder of EasyStore Commerce Sdn Bhd.