CapBay to provide RM1b financing for SMEs

The company hopes the aid will alleviate entrepreneurs’ financial woes and unlock the cashflow in their supply chain 


MULTI-BANK supply chain financing platform and peer-topeer (P2P) financing platform, CapBay, aims to provide RM1 billion financing solutions to small and medium enterprises (SMEs) this year. 

Its co-founder and CEO Ang Xing Xian said the company is committed to assist entrepreneurs in alleviating their financial woes and unlock the cashflow in their supply chain. 

During the Covid-19 pandemic, he said CapBay’s financing volume has surged by more than 600%. 

“Last two years were quite difficult for the SMEs and I think what we did during that time was really ensuring (to finance) despite the whole Covid-19 scenario — we were able to keep the financing flowing,” Xing Xian said during a MIDF Conversation with CapBay yesterday. 

Moreover, he also wants to reach out to more underserved SMEs and mid-sized companies to help them grow their business and strengthen their resilience during difficult periods like the Covid-19.

CapBay chief business development Darrel Ang said the key thing for the company is to ensure they could provide financing in place.

“Ultimately, cash is still the lifeline of many SMEs, and we are able to breach the whole situation — by providing the financing, they are able to sustain a lot.”

He added that some businesses that CapBay supported have a solid operation but they can’t withstand many months of closure due to the lockdown. 

Moving forward, Xing Xian said the company will continue enabling smarter and more inclusive financing SMEs. 

“So, we want to work with multiple parties, not just our staff or banks, in fact, this is why we spend our time working with individuals, investors, asset managers, institutional investors who would like to invest in the SMEs,” he added. 

Since 2017, CapBay has served over 1,000 SMEs and financed more than 15,000 transactions worth over RM1.6 billion. 

Meanwhile, the company’s P2P investors have earned net returns of 10% per annum with 0% financing loss.