CapBay has surpassed RM6 billion in cumulative financing over its first decade, issuing 45,000 financing notes to more than 2,700 Malaysian SMEs across 20 industries.
The company provides working capital through supply chain finance and P2P financing platforms.
It assesses live trading data, invoice validity and buyer payment records rather than relying on property as collateral.
According to CapBay, this approach reduces financing approval times from months to days.
Workforce management firm Manforce Group Berhad is among its clients. Finance Director Andrew Chin said faster access to financing helped the company manage liquidity gaps during the COVID-19 pandemic and improve its cash conversion cycle.
“Our first financing was RM6,000 to a sole proprietor trying to bring in lab equipment for a Malaysian university. Ten years and 45,000 financing notes later, we’ve crossed RM6 billion,”
said Ang Xing Xian, Co-Founder and Group CEO of CapBay.
Government partnerships support SME financing
CapBay channels working capital through the Malaysia Co-Investment Fund (MyCIF) and NIMP Strategic Co-Investment Fund (CoSIF), both under the Securities Commission Malaysia (SC).
It also supports SME Corp. Malaysia’s financing programmes and collaborates with TERAJU and the Malaysia Digital Economy Corporation (MDEC).
According to the SC Annual Report 2025, alternative financing raised RM5.7 billion for MSMEs and mid-tier companies in 2025, up 39% year on year.
P2P financing accounted for RM2.8 billion, compared with RM2.5 billion in 2024.
Budget 2027 allocated RM270 million to attract private capital through P2P and equity crowdfunding platforms.
P2P financing agreements will also carry a fixed RM10 stamp duty from 1 January 2027 to 31 December 2030.
CapBay plans to expand its public-private partnerships and refine its AI-driven credit assessment.
Featured image credit: Edited by Fintech News Malaysia, based on image by CapBay
