A remarkable RM 1 billion in capital to more than 400 underserved SMEs in Malaysia, CapBay, the country’s multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has reached an important milestone. This accomplishment is the result of 7,600 investment notes being successfully financed, demonstrating CapBay’s dedication to enabling SMEs and providing appealing investment options for potential investors.
CapBay P2P establishes a new benchmark for risk management in the world of alternative investments with a default rate of less than 0.1per cent. Investors benefit from up to 10 per cent annual net returns (after fees) while trusting the platform to protect their interests. This outstanding result demonstrates CapBay’s commitment to dispelling the myth that alternative investments are too risky for the typical retail investor.
The success of CapBay P2P is credited to its cutting-edge technology and proprietary credit model, which uses AI (artificial intelligence) to evaluate a SME’s potential to repay loans based on a wide range of conventional and non-conventional data sources. CapBay provides financing for creditworthy SMEs who might otherwise find it difficult to obtain capital from conventional sources by embracing cutting-edge algorithms. Furthermore, CapBay’s Auto Invest feature has been developed to automatically diversify investors’ portfolios, improving the safety of P2P investments and ensuring positive returns.
CapBay provides specialised finance options to SMEs in numerous industries as an industry leader in supply chain financing (SCF). CapBay effectively caters to the needs of underserved SMEs in Malaysia by thoroughly comprehending the needs and pain areas of each industry. The CapBay Group, which consists of its Multi-Bank SCF platform and Islamic factoring house, has helped more than 1,600 firms by offering over RM2.5 billion in finance.
Consistent expansion and a dedication to technology-driven solutions have been hallmarks of the path to this incredible milestone. Investors and companies alike now have faith in CapBay because of its accelerated funding process, improved transparency, and increased efficiency. CapBay has revolutionised the finance process, making it more accessible and effective by simplifying and expediting access to funds.
From Left to Right: CapBay Directors Darrel Ang, Dion Tan, Datuk Sri Mohd Mokhtar Mohd Shariff (Chairman), Ang Xing Xian (CEO), Jasmine Lau, and Edwin Tan Celebrates RM1 Billion Financing Milestone.
CapBay’s Co-founder and CEO, Ang Xing Xian, expressed his pride in the company’s achievements, stating, “Our remarkable growth in recent years has positioned CapBay P2P as a leader in the Malaysian P2P space. Together with our talented team and unwavering investor support, we will continue pushing boundaries, unlocking new opportunities, and scaling greater heights.”
The Malaysia Co-Investment Fund (MyCIF) received RM40 million from the government as part of Budget 2023, reflecting the importance of alternative financing to the Malaysian economy. The government’s support for the expansion of the P2P finance sector and other alternative financing models in the nation is evident from this pledge. One of the major P2P platforms that contributed to the success of the MyCIF initiative, which has attracted over RM 540 million in co-investments and benefited at least 3,500 MSMEs, was CapBay.
“Leveraging on our tech expertise, we have empowered businesses to overcome financing challenges and expand in a post-pandemic world. Over 70 per cent of our financing contributes to the achievement of the United Nation Sustainable Development Goals. We are not only driving positive change but also shaping a brighter future for all stakeholders involved,” said CapBay’s Chairman Datuk Sri Mohd Mokhtar Mohd Shariff.
The remarkable performance and strong growth of CapBay suggest that Malaysia’s P2P lending market would continue to flourish. CapBay is positioned to unleash greater potential in the area as demand for alternative financing choices rises and government initiatives spur sector expansion.
CapBay hopes to close the financing gap for underserved SMEs and grow its operations throughout Southeast Asia in order to realise its mission of becoming a technology enabler in the region. This year, it opened offices in Singapore and Thailand. In order to position itself as a leading omni-channel platform offering synergistic regional supply chain finance, comprehensive financial services, and data and technology solutions, CapBay is also actively exploring joint ventures, mergers, and acquisitions with key players across the value chain.
Potential investors looking for a dependable and cutting-edge P2P investment platform may find CapBay to be an appealing prospect given its excellent accomplishments and ambitious future plans.
For further information, please visit https://capbay.com/invest/
