9 Spokes, a leading marketplace and insights company to small businesses, announces entry into a Memorandum of Understanding ("MoU") with OCBC Bank (Malaysia) Berhad ("OCBC Malaysia" or "the Bank") to provide a white-label version of 9 Spokes’ new V2 platform to the Bank.
Pursuant to the MoU, 9 Spokes and OCBC Malaysia have agreed on the principal terms, subject to contract for the delivery of the V2 platform. The MoU demonstrates a joint understanding between the parties as they continue to work towards their contractual relationship.
The MoU with OCBC Malaysia builds on the success of 9 Spokes’ existing contract with OCBC Bank in Singapore – which launched its white-label platform earlier this year. Further opportunity exists to expand the relationship into additional Asian jurisdictions.
Adrian Grant, Co-Founder and CEO of 9 Spokes said: "Signing the MoU reinforces the relationship we’ve established with OCBC Bank and continues the momentum we enjoy as we continue to expand globally. We look forward to taking the next steps alongside OCBC Bank and extending our platform reach further into the Asian market – to SMEs in Malaysia, and in other jurisdictions down the line."
