Masya Radstone Sdn Bhd (MRSB) is an established specialist Malaysian invoice factoring company.
MRSB focuses on transforming business cash flow through invoice factoring solutions. Our mission is to bridge the gap between business potential and financial flexibility, providing vendor companies with immediate access to working capital and reducing the traditional barriers of business financing.
MRSB has deep competence in the acquisition of high quality, blue chip only invoices issued to PLCs, GLCs and Multinationals ("Obligors") by vendor companies. Invoices are acquired at a discount and collection in full at a future point provides MRSB with significant profits.
MRSB is uniquely placed in this high-growth Malaysian invoice factoring market, allowing it to work with those seeking to gain an exposure to a segment traditionally inaccessible to the average portfolio manager. By leveraging its expertise in risk management, robust due diligence processes, and a deep understanding of the Malaysian market, MRSB provides a compelling risk-reward proposition in the factoring space.
Invoice Factoring: A Strategic Working Capital Solution
Immediate Working Capital
Convert unpaid invoices into instant cash flow, enabling access to capital within days rather than waiting 30-90 days for customer payments. Unlike traditional loans, this solution provides debt-free financing that scales with your growth.
Cross-Border Trade Solutions
The expansion of international commerce has driven demand for global factoring solutions, helping businesses navigate different payment cultures and regulations while maintaining steady cash flow.
Technology-Driven Efficiency
Advanced technology has streamlined the factoring process, making it more accessible and cost-effective for SMEs looking to optimize their working capital management without compromising balance sheet strength.
How Invoice Factoring Works
Invoice factoring is the sale of accounts receivable to a third party at a discount for immediate cash flow. Unlike loans, factoring doesn't create balance sheet liabilities but converts receivables into liquid assets, enabling reinvestment in operations or growth opportunities.
Global factoring solutions also facilitate access to international markets, expanding customer reach and revenue potential.
Capital Depletion vs. Liquidity Management
Understanding the capital impact of invoice factoring versus accrued income in financial instruments is essential.
1. Invoice Factoring and Capital Preservation
Factoring preserves capital by converting receivables to immediate cash rather than functioning as an operating expense.
The discount incurred represents a financing cost, not a capital loss. Typically, vendor profit margins exceed this cost, creating a cash management advantage.
2. Accrued Income and Capital Exposure
Hedge funds often recognize accrued income that has been earned but not received.
This income remains speculative until realized. If returns fail to materialize, capital may be effectively depleted through unrealized gains.
This distinction highlights invoice factoring's stability as a cash flow tool compared to the risks of unrealized financial income.
Why Invoice Factoring?
Invoice factoring is a transformative financial solution that bridges the gap between vendor companies' working capital needs and their unpaid receivables. Unlike traditional loans, which create long-term debt obligations, invoice factoring allows vendor companies to convert outstanding invoices into immediate cash flow. This innovative approach provides the liquidity they need to fund operations, invest in growth, and seize new opportunities without adding leverage to their balance sheets.
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High-Yield Potential
Factoring generates attractive returns by capitalising on the discount between the invoice value and the cash advanced
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Low Market Correlation
Returns driven by creditworthy obligors, ensuring resilience during economic downturns
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Short-Term Cycles
Quick liquidity and reduced exposure through shorter transaction durations
Masya Radstone's Unique Value Proposition
MRSB is a leader in the invoice factoring market, implementing a disciplined approach to risk management and operational excellence. Our business model is designed to maximise returns while minimising risk, creating a disproportionate correlation between risk and reward for our investors.
Risk Mitigation Through Rigorous Due Diligence
Obligor Assessment:
MRSB conducts thorough evaluations of payment obligors (e.g., PLCs, GLCs, and MNCs) to ensure their creditworthiness and ability to meet payment obligations.
Vendor Vetting:
Every vendor company undergoes comprehensive due diligence, including an analysis of invoices, payment history, and debtors' aging.
Transparency and Security
No Additional Collateral Required:
The invoices acquired becomes an asset on the balance sheet of MRSB. MRSB relies on the creditworthiness of these receivables rather than requiring additional collateral, ensuring seamless operations for vendor companies.
Legal Safeguards:
Invoices are assigned to MRSB, and corporate guarantees are obtained, providing legal protection and ensuring MRSB's rights to the invoice proceeds.
Controlled Proceeds Account:
MRSB manages the invoice proceeds account as a signatory, ensuring funds are used efficiently and for their intended purpose.
Leadership Team: A Wealth of Expertise
MRSB's leadership team brings decades of experience in finance, trade, and investment management, ensuring the company's success in the competitive factoring market.
Ramesh Kana
Chief Executive Officer
With over 35 years of international financial and leadership experience across four continents, Ramesh has led global multinationals Shell International and Emery Oleochemicals at both CEO and CFO levels. He is currently the Chairman and CEO of Radstone Capital Partners Limited, a licensed fund manager and part of the Radstone Capital Group. Ramesh previously served three terms as Chairman of United Nations Global Compact (Malaysia & Brunei) bringing focus on corporate stewardship and responsibility for the country's sustainability agenda. His brings extensive experience in strategic leadership, investment banking and corporate turnarounds. Ramesh is a Fellow of the Society of CPAs (Australia) and a Chartered Accountant (Malaysia)
Ahmad Syazali Abdul Khalil
Chief Investment Officer
Ahmad Syazali is a highly experienced finance professional with deep expertise in trade finance, structured credit, and alternative funding. As CEO of a fintech-driven platform, he scaled an invoice financing business from SME-focused beginnings to blue-chip corporates, securing RM10 million in institutional funding and building a RM500 million pipeline. He has led trade finance portfolios exceeding RM80 million annually, with a strong focus on credit quality and capital efficiency. Syazali's international credentials include structuring cross-border capital market deals in Kazakhstan and advising on over RM1 billion in industrial investment. His proven ability to originate, structure, and execute high-yield, low-risk transactions positions him as a trusted advisor in private credit and structured funding.
Mahen Kulasingam
Chief Operating Officer
A seasoned banking executive with over 30 years of global experience in trade finance, credit structuring, and risk management. Formerly the Country Head of Trade Finance at HSBC Malaysia, he led large-scale portfolios serving MNCs, PLCs, and high-growth enterprises. His international career includes strategic roles in Hong Kong, London, Paris, and Singapore, where he executed cross-border financing solutions and built deep banking networks. From 2022 to 2024, Mahen helped build a leading trade finance franchise for a MAS-licensed asset manager. His deep network enables him to originate low-risk, high-yield private credit deals across ASEAN. Mahen is known for delivering capital-efficient structures with strong downside protection and superior returns. He holds an MBA from the University of Strathclyde, UK.
Norliza Rayyan
Chief Business Development Officer
A retail banker with proven expertise in business expansion and strategic partnerships. She brings over 30 years of Retail Banking experience gained entirely with HSBC Malaysia. Norliza brings extensive experience in developing and executing growth strategies, identifying new market opportunities, and building business networks. Her comprehensive understanding of market dynamics and client relationship management enables Masya Radstone to engage with sophisticated investors in a proactive manner.
Collaboration Thesis
Market Opportunity
Malaysia's invoice factoring market shows strong growth potential as SMEs seek better working capital solutions.
Traditional lenders often impose strict requirements and slow approvals, creating a market gap.