Ang Xing Xian, Darrel Ang, Dion Tan and Edwin Tan

Ang Xing Xian, Darrel Ang, Dion Tan and Edwin Tan started CapBay to help businesses obtain smarter and inclusive financing by unlocking cashflow trapped in their supply chain.

They have grown their business to become a regional leader in Supply Chain Finance (SCF) that improves access to financing for SMEs and provides infrastructure for banks. Since starting operations in 2017, CapBay has financed more than 14,000 transactions worth over RM1.4 billion, establishing themselves as Malaysia’s top Peer-to-Peer (P2P) financing platform.

CapBay has partnered with many large corporates, banks, and institutional investors to offer their award-winning solution. They have been appointed as a technology partner by government agencies to push through national agendas to improve SME funding and transform the way business financing is done. Globally, CapBay is collaborating with China Construction Bank, SealNet and Labuan DAC to promote ASEAN and China intra-regional trade, by providing digital financing for cross-border trades.

CapBay is a strong advocate for financial inclusion and participated in initiatives by the UN Capital Development Fund (UNCDF) and the Alliance for Financial Inclusion (AFI) to help the unserved communities. During the COVID-19 pandemic, they worked with Malaysia Digital Economy Corporation (MDEC) to offer financing with fee waivers to support SMEs.

To date, they have won many accolades accrediting their innovation. CapBay was the first Malaysian fintech to win “Fintech Startup of the Year 2020” by The Asset Triple A Digital Awards, a coveted banking industry award which recognises technological achievements spanning across Asia Pacific.