KUALA LUMPUR, 8 APRIL 2026 – Bay Smart Capital Ventures Sdn. Bhd. (CapBay), a leading Malaysian fintech company providing a Supply Chain Finance and Peer-to-Peer (P2P) financing platform, together with CGC Digital Sdn. Bhd., a wholly-owned subsidiary and the digital arm of CGC Malaysia that provides credit guarantee services through an innovative ecosystem, have announced a strategic partnership to launch a new Digital Guarantee Scheme designed to provide robust capital support to unserved and underserved Micro, Small, and Medium Enterprises (MSMEs) in Malaysia.
At its core, CGC Digital provides innovative guarantees that act as powerful risk mitigants. Through a strategic risk-sharing mechanism, this collaboration directly benefits MSMEs by lowering the financing costs through more competitive rates and empowering those lacking traditional collateral to secure essential funding. Complementing this, CapBay utilises proprietary AI-driven credit assessments to drastically reduce evaluation times, delivering capital to local MSMEs with unprecedented speed. This synergy creates a transformative ecosystem for local businesses. Notably, it marks the scheme’s first dual-facility rollout, offering both Islamic and Conventional avenues to ensure comprehensive market inclusion, leaving no viable enterprise behind.
Building on CapBay’s proven record of facilitating over RM5.4 billion for more than 2,500 SMEs, this collaboration unlocks capital from new institutional and retail investors on CapBay’s P2P platform. Backed by CGC Digital’s guarantee, this added assurance enhances the credit profile of underserved MSMEs, enabling access to financing that may otherwise be out of reach. By facilitating more inclusive risk-sharing, this partnership encourages greater participation from financing partners while supporting more favourable terms, including a reduced interest rate ceiling, effectively advancing CGC Digital’s mandate to expand financial accessibility. This rollout targets businesses with at least 51% Malaysian ownership, offering flexible capital from RM50,000 to RM500,000 with tenures of up to 60 months to drive operational growth.
“We are proud to partner with CGC Digital to make capital widely accessible to SMEs hindered by the lengthy approval processes of traditional avenues. By leveraging CapBay’s AI-driven credit assessment, we can offer seamless, rapid digital financing to serve the ‘missing middle’, viable enterprises that are often overlooked. Backed by CGC Digital’s guarantee, this strategic allocation represents our shared commitment to injecting vital liquidity into the MSME landscape so grassroots businesses can thrive in a modern economy,” said Ang Xing Xian, Co-Founder and CEO of CapBay.
From left to right: Mr. Ang Xing Xian, Co-founder and Group CEO, CapBay and Ms. Yushida Husin, CEO, CGC Digital
Yushida Husin, CEO of CGC Digital, added, “CGC Digital is committed to innovation that drives financial inclusion. Our collaboration with CapBay enables us to leverage data-driven insights to more effectively bridge the financing gap for MSMEs. By offering a guarantee scheme that accommodates both Shariah-compliant and conventional needs, we are not only providing a safety net for financiers but also opening doors for small businesses to scale. This initiative aligns with our mandate to empower the underserved with the financial tools necessary for sustainable growth.”
In line with their shared vision, CapBay and CGC Digital see this collaboration as a catalyst for a more equitable economic landscape, directly supporting the aspirations of the MADANI Economy framework and the 13th Malaysia Plan (RMK13). By combining innovative fintech solutions with reliable credit guarantees, both parties are committed to overcoming funding barriers, driving the digital transformation of the broader MSME landscape, and building a resilient, sustainable, and globally competitive sector.
About CGC Digital
CGC Digital is a FinTech company, established as the digital arm of Credit Guarantee Corporation Malaysia Berhad. Registered in July 2022, our primary goal is to empower Micro, Small, and Medium Enterprises (MSMEs) by creating a simpler and more seamless financing experience in the digital ecosystem.
For more information about CGC Digital, please visit www.cgcdigital.com.my.
About CapBay
CapBay is an award-winning Multi-Bank Supply Chain Finance and Peer-to-Peer (P2P) Financing platform that enables SMEs to unlock cash flow trapped in their supply chains through innovative financing solutions. Using a proprietary credit-decisioning model, CapBay connects businesses of all sizes to banks and investors, facilitating access to high-quality financing opportunities. The company is regulated by the Securities Commission Malaysia (SC).
Since its launch in 2017, CapBay Group has disbursed over RM5.4 billion through more than 40,000 financing notes, supporting over 2,500 SMEs. Recognized as a leader in Supply Chain Finance, CapBay has been named among CNBC and Statista’s World’s Top Fintech Companies (2023–2025), Fortune’s Fintech Innovators Asia 2024, and the FT High-Growth Companies Asia-Pacific (2024–2025).
CapBay has also received multiple industry awards, including The Asset Triple A Sustainable Finance Awards 2026 for Best Social Loan (SME) in partnership with HSBC, The Asset Triple A Digital Awards for Fintech Startup of the Year, and The Asian Banker’s recognition as the Best Fintech Platform – Digital Supply Chain Finance in Asia-Pacific.
For more information, visit www.capbay.com.
