{"id":4074,"date":"2023-04-26T08:55:12","date_gmt":"2023-04-26T00:55:12","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4074"},"modified":"2023-04-26T09:00:19","modified_gmt":"2023-04-26T01:00:19","slug":"daily-markup-731-food-market-hub-embarks-on-first-of-its-kind-initiative-to-help-fb-small-businesses-in-malaysia-scale-up","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4074","title":{"rendered":"Daily Markup #731: Food Market Hub embarks on first-of-its-kind initiative to help F&amp;B small businesses in Malaysia scale up"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"980\" height=\"462\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/04\/image-2.jpg\" alt=\"\" class=\"wp-image-4075\" srcset=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/04\/image-2.jpg 980w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/04\/image-2-300x141.jpg 300w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/04\/image-2-768x362.jpg 768w\" sizes=\"(max-width: 980px) 100vw, 980px\" \/><figcaption class=\"wp-element-caption\">Credit: TechNode Global<\/figcaption><\/figure>\n\n\n\n<p><strong>A food-ful partnership<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cash flow is essential for F&amp;B businesses. Small and medium enterprises (SMEs) that face challenges in these areas are stuck and can\u2019t scale their operations. 500-backed end-to-end procurement management platform <a href=\"https:\/\/www.foodmarkethub.com\/\">Food Market Hub<\/a> took on this problem and solved it with a three-way partnership!<\/li>\n\n\n\n<li>The team partnered with Supplybunny, an F&amp;B ordering platform, and Funding Societies, Southeast Asia\u2019s largest unified SME digital financing platform, to offer a unique solution in Malaysia: <a href=\"https:\/\/bit.ly\/41CeQQP\">the country\u2019s first business-to-business (B2B) embedded financing program<\/a>.<\/li>\n\n\n\n<li>Under this agreement, Food Market Hub connects its 3,000 F&amp;B operators with the 800 suppliers on Supplybunny, with access to capital powered by Funding Societies.<\/li>\n\n\n\n<li>The embedded financing solution gives F&amp;B operators the option to defer payment up to 30 days from the delivery date, while suppliers receive payment upon delivery.<\/li>\n\n\n\n<li>This is a win-win for the cash flow of their F&amp;B operators and suppliers,&nbsp; most of whom are small and medium enterprises (SMEs). F&amp;B operators get to also benefit from better management of their working capital and rotating capital.<\/li>\n\n\n\n<li>Anthony See, CEO of Food Market Hub said, \u201cMalaysia\u2019s F&amp;B industry is projected to contribute ~US$8B to the country\u2019s GDP. Amidst that, an estimated 22% growth was recorded for 2022 and a further 8% expansion this year. Despite this year\u2019s optimistic outlook, we need to prepare ourselves for a possible recessionary economy. In such a situation, the cash flow that SMEs save would allow them breathing room, so that they can reinvest into marketing or improving their customer experience. We want to help restaurant operators succeed in the competitive F&amp;B industry.\u201d<\/li>\n\n\n\n<li>What\u2019s more, successful restaurant and F&amp;B operators are eligible for a collateral-free, financing of up to US$11,372 under the business-to-business (B2B) financing program, with end-to-end application processes taking approximately two weeks.<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/41CeQQP\">TechNode Global<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A food-ful partnership<\/p>\n","protected":false},"author":5,"featured_media":4076,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[416],"class_list":["post-4074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-food-market-hub"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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