CapBay, a Malaysian supply chain financing provider, has entered a strategic partnership with Singapore-based Olea to support Malaysian exporters through cross-border financing.
The collaboration aims to help Malaysian enterprises expand into global markets by combining CapBay’s SME network and financing infrastructure with Olea’s international trade expertise and liquidity solutions.
Olea has processed over US$2 billion in trade transactions across key global corridors.
CapBay, which launched in 2017, has disbursed more than RM4.3 billion in financing through over 35,000 financing notes, supporting over 2,200 SMEs across 20 industries.
It operates in Malaysia, Singapore, and Thailand, and is regulated by the Securities Commission Malaysia.
Olea, headquartered in Singapore, directs global liquidity to trade and supply chain finance solutions.
It leverages technology to deliver scalable, transparent, and efficient financing services, and has a presence in markets including Vietnam and India.
CapBay’s Director of International Expansion, Jasmine Lau, said cross-border transactions currently account for 10% of the group’s revenue, with a goal to grow this to 30% through partnerships like this one.
Ang Xing Xian, Co-founder and Group CEO of CapBay, said,
“This strategic partnership with Olea underscores CapBay’s commitment to driving Malaysia’s economic growth through innovative financing.
By combining our fintech expertise with Olea’s global trade capabilities, we aim to empower Malaysian enterprises to unlock new opportunities in cross-border trade and elevate Malaysian products on the global stage.”
Amelia Ng, Chief Executive Officer of Olea, said,
“By combining Olea’s deep expertise in global trade and liquidity with CapBay’s cutting-edge financing infrastructure, we’re creating a powerhouse solution that empowers exporters like never before.
Together, we’re not just simplifying international trade — we’re unlocking new opportunities and driving bold, transformative growth for Malaysian businesses on the global stage!”
Watch Ang Xing Xian share more about CapBay’s mission and journey in this interview on Fintech Fireside Asia.
Featured image: (From left to right) Chenjie Teo, Senior Associate Director of Commercial, Olea; Joshua Chen, Director of Commercial, Olea; Amelia Ng, CEO, Olea; Ang Xing Xian, Co-Founder and Group CEO, CapBay; Wei Sim Tan, Senior Vice President, CapBay; Paul Khoo, Assistant Vice President, CapBay, celebrating the partnership agreement between Olea and CapBay.
