We are a Fintech company headquartered in Singapore. Seedflex Capital Sdn Bhd is certified by our Shariah Advisors to offer Pay-As-You-Sell Advance as a Shariah-compliant product in Malaysia.
Pay-As-You-Sell Advance is offered under the Tawarruq (Commodity Murabahah) concept and is currently not subject to any licensing or regulatory requirements
Am I eligible for Pay-As-You-Sell Advance?
If you are a CHIP merchant who has received a Whatsapp or email, you most likely qualify for Pay-As-You-Sell Advance. If your core business is involved in any shariah non-compliant industries, you may not be eligible for the Pay-As-You-Sell Advance. These include alcohol, gambling, tobacco, pork and its by products and other shariah non-compliant businesses.
How is my available amount determined?
We will give you an available amount based on your sales history with your connected platform. This can be up to 10x of your weekly sales or up to RM100,000. Your available amount also increases if your sales on your connected platform goes up.
We do not need your bank statements or any other financial information.
Additional Product Information
Everything you need to know about Pay-As-You-Sell Advance
General Information
Name of Product
Pay-As-You-Sell AdvanceTM
Financing Type
Shariah
Available Amount
Up to 10x of Weekly Sales; Max RM100,000
Tenure
Up to 24 weeks
Charges
Interest
No Interest
One-Time Fee
Up to 6%
Other Charges
Stamp Duty of 0.5%
Late Fees
None
Early Repayment Charges
None
Disbursement Details
Disbursement Method
Direct to Bank Account
Disbursement Time
Up to 48 Hours
Disbursement Amount
The selected amount; Fees are NOT deducted but added to the repayment amount
