CapBay
CapBay is a supply chain finance and peer-to-peer financing platform for small and medium enterprises. It uses existing trade data and buyer–supplier relationships — rather than physical collateral — to underwrite short-term financing for businesses that conventional credit frameworks overlook.
It is the first and only licensed Multi-Bank Supply Chain Finance platform based in Malaysia, and operates an AI-driven credit decisioning engine. On the other side of the platform, investors gain access to short-tenure, trade-backed financing notes.
Headquartered in Malaysia, with operations extended into Thailand and Singapore.
Regulation
Regulated by the Securities Commission Malaysia.
- Bay Supply Chain Technology Sdn Bhd — Recognised Market Operator (General)
- Bay Smart Capital Ventures Sdn Bhd — Recognised Market Operator (P2P Financing)
Milestones
- 2016 CapBay founded; launches as the first licensed Multi-Bank Supply Chain Finance platform in Malaysia.
- 2017 First live supply chain finance transaction.
- 2018 The Asian Banker — Best FinTech Platform.
- 2019 Approved as a P2P Financing platform by the Securities Commission Malaysia.
- 2020 Fintech Start-up of the Year, Malaysia.
- 2021 US$20 million Series A, with KK Fund as returning investor.
- 2021 RM1 billion in financing across more than 10,000 transactions.
- September 2023 Ang Xing Xian selected as an Endeavor Entrepreneur at Endeavor's 40th International Selection Panel.
- November 2024 Named to Fortune's FinTech Innovators Asia 2024 — the only Malaysian company on the list.
- April 2026 The Asset Triple A Sustainable Finance Awards — Best Social Loan (SME), recognising the first social loan facility extended by HSBC Malaysia.
- July 2026 Partnership with the Malaysia Digital Economy Corporation (MDEC) opening an RM200 million growth financing pool to Malaysia Digital status technology companies.