CNBC has added two new entrants to its top Malaysian fintechs 2026 selection in the latest World’s Top Fintech Companies ranking.
Compiled in partnership with market research firm Statista, the global list evaluated thousands of businesses on metrics such as revenue growth and technological innovation to highlight 500 standout firms worldwide.
The inclusion of three Malaysian champions across alternative financing, insurance, and payments reflects the expanding footprint of the country’s digital financial services sector.
While supply chain platform CapBay retained its standing as a returning winner, insurtech platform BJAK and digital wallet operator Boost earned first-time recognition on the global stage.
This shift comes as local digital finance platforms mature beyond basic consumer services into complex enterprise solutions and regulated banking.
CNBC’s Pick of Top Fintech Firms in Malaysia
The three firms named to the list represent different facets of this ecosystem, from business-to-business credit to retail insurance distribution.
CapBay
Supply chain finance platform CapBay is the only Malaysian company to retain its place on the global list after previously being recognised in the alternative financing category.
Since 2016, it has facilitated more than RM5.6 billion in financing for over 2,600 enterprises.
Its AI-powered credit model assesses borrower risk based on business fundamentals rather than relying on physical collateral, helping technology startups and asset-light businesses access financing that may otherwise be harder to secure.
More recently, CapBay partnered with MDEC under the MD Technology Financing Programme to launch a RM200 million financing pool for local digital firms.
BJAK
Insurtech startup BJAK makes its debut on the CNBC list this year, securing a spot in the insurance category as a new entrant.
The company operates a digital insurance comparison and purchasing platform serving seven million users across multiple markets.
BJAK’s platform aggregates products from 16 insurance providers, allowing consumers to compare and purchase plans online.
Having expanded into Japan, Taiwan, and Thailand, BJAK is evaluating an IPO alongside potential expansion into European markets.
Boost
Axiata-backed fintech platform Boost is also a first-time addition to the ranking, earning recognition in the payments category.
Originally launched as a consumer digital wallet, Boost has systematically expanded its reach across digital payments, merchant micro-financing, and embedded financial services.
The company operates Boost Bank in partnership with RHB Bank, cementing its position as a licensed digital banking operator.
Earning a spot on this global list follows significant milestones, including disbursing nearly RM150 million in SME financing and launching property-backed SME financing in partnership with Funding Societies.
Featured image credit: Edited by Fintech News Malaysia, based on image by galitskaya via Magnific
