The #1 Supply Chain Finance Company

CapBay is an award-winning Supply Chain Finance and Peer-to-Peer (P2P) Financing platform. We facilitate inclusive business financing, using existing trade data and relationships.
Through our proprietary credit-decisioning model, businesses of all sizes can obtain short-term financing while banks and investors can participate in high-quality financing deals.
Our Businesses

Technology Solutions

Our supply chain finance technology solution gives our partners all the technology advantages without the capital outlay and maintenance costs. We help drive digital transformation.

Business entity: Bay Supply Chain Technology Sdn Bhd (Company No.201701028340 (1242506-P)) which is regulated (RMO-General) by Securities Commission Malaysia

Platform Services

A complete Peer-to-Peer (P2P) Financing platform engineered for capital growth. We connect businesses to multiple liquidity providers to meet their financing needs, sustainably.

Business entity: Bay Smart Capital Ventures Sdn Bhd (Company No.201801018276 (1280292-W)) which is regulated (RMO-P2P) by Securities Commission Malaysia

Financing Services

We’ve got your back. SMEs are able to unlock cash flow through our factoring and money lending services. We unlock capital so businesses can put it to work to build a thriving enterprise.

Business entity: Bay Commercial Services Sdn Bhd (Company No. 201701002162 (1216312-P))


Dato’ Sri Mohd Mokhtar Mohd Shariff


YBhg. Dato’ Sri Mohd Mokhtar holds a degree in Bachelor of Law (Hons), a Masters of Business Administration, Certificate of Legal Practice and was called to the Malaysian Bar in 2019. He served in the Royal Malaysia Police from 1977 to 2018, holding key senior positions namely, Director of Special Branch, Director of Narcotics Crime Investigation Department, Chief Police Officer of Johor, Deputy Chief Police Officer of Pahang and Head of Special Branch Kuala Lumpur. He brings a wealth of experience and will be spearheading efforts to further enhance risk management practices in the areas of operational, fraud and Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT). He is also the Chairman and director of TMC Life Sciences Berhad, a public listed company on Bursa Malaysia

Management Team

Our success is a result of teamwork and building upon our technical expertise and creative style providing a full-service solution to our clients.

Ang Xing Xian

Co-Founder / Strategy & Tech

A disciplined risk-loving entrepreneur determined to improve the efficiency of our financial industry. Upon graduation on a scholarship, he found his passion for finance when he first started with Credit Suisse in London. He then went on to join MarketInvoice, the largest invoice trading platform in the UK and subsequently Creador, a leading private equity firm in Malaysia. Prior to CapBay, Xing Xian was a management consultant with Accenture, implementing strategies on technology and analytics for many major companies. Xing Xian graduated with an MSc in Computational Finance from Oxford University.

Edwin Tan

Co-Founder / Operations & Finance

A dedicated and meticulous perfectionist who is passionate about contributing to the development and growth of Malaysia. Upon graduation on a scholarship, Edwin served as a corporate finance advisor in Deloitte Touche Tohmatsu Sydney, where he advised clients on merger and acquisition deals, specialising in real assets and commodities. Edwin graduated with an MSc in Financial Economics from Oxford University.

Dion Tan

Co-Founder / Strategy

An ambitious entrepreneur looking to ride the next growth phase in Southeast Asia. Dion is the group managing director of a leading property corporation in Malaysia. Prior to that, he served as a strategy consultant with Accenture, developing and implementing strategies for property, media and other industries. Dion graduated with an MSc in Management with Information Systems and Innovation from the London School of Economics.

Darrel Ang

Co-Founder / Business Development

An investment banker turned entrepreneur with a diverse work experience in the financial sector and a passion to advance the FinTech space in Southeast Asia. Prior to his IB role in Credit Suisse Singapore, Darrel did regulatory work in Bank Negara Malaysia and financial services consulting at Oliver Wyman London. He executed several large IPOs and placements in Southeast Asia during his time at Credit Suisse, one of the top investment banks in the region. Darrel graduated with an MEng in Engineering, Economics, and Management from Oxford University.

Jasmine Lau


A seasoned banker with three decades of leadership experience in SME banking and supply chain finance. Being an award-winner accountant and fellow member of the Charter Association of Certified Accountant United Kingdom, Jasmine has held a diverse range of roles across Commercial Banking (CMB), Global Trade and Receivables Finance (GTRF) as well as Risk Management in HSBC across different geographies. She previously served as HSBC CMB’s Regional Chief Operating Officer for the Middle East and North Africa (MENA), GTRF’s Regional Head for Business Development for MENA and Turkey, and HSBC China’s Country Head GTRF. At present she is now holding the position of CapBay’s Director.

The Story of CapBay
Our financing products are tied to trade-related business activities, making it a new and safe asset class. The name is associated with a sea of capital and represents a safe harbor for investors to do impact investing and businesses to get impactful financing.

2016 Q2

A Brief History
Launched with strong support from the Central Bank of Malaysia, through multiple workshops involving the entire local banking industry

2016 Q4

Something Big
Approved as the first and only licensed Multi-Bank Supply Chain Finance platform in Malaysia by Securities Commission Malaysia

2017 Q4

The Beginning
Launched first live SCF transaction

2018 Q2

An Award-Winning Creation
Awarded the Best FinTech Platform for Supply Chain Finance by The Asian Banker. Selected as Finalist at Global FinTech Hackcelerator and featured at Singapore Fintech Festival

2019 Q2

Something Bigger
Approved as a regulated Peer-to-Peer Financing platform in Malaysia by Securities Commission Malaysia. Won the Best Fintech for Plug & Play Tech Center

2020 Q1

Making a Mark
Awarded Fintech Start-up of the year, Malaysia by The Asset's Triple A Digital Awards. Launched first P2P financing transaction

2020 Q4

Tapping into the Islamic Sector
Acquisition of 49% stake in Kenanga Capital Islamic to set up Islamic SCF Fintech Joint Venture

2021 Q1

Capital Raised to Scale
Fundraised US$20 million Series A round amid Covid-19 pandemic on the back of strong growth

2021 Q2

The 1 Billion Milestone
Over RM1 billion financing transactions across over 10,000 transactions to finance hundreds of SMEs

2022 Q1

Solid Recognition
CapBay named EY Emerging Entrepreneur Of The Year 2021 Malaysia


We are building the financing infrastructure of tomorrow to provide smart and inclusive financing to businesses across South-East Asia.


We are on a mission to provide smart financing to businesses through relentless focus on technology and innovation.
Awards & Achievements

Our technology has received industry awards, strong traction and significant investment. We have been awarded “Best Fintech Platform in Asia Pacific” and the “Best Financial Supply Chain Management in Malaysia” by The Asian Banker, featured in regional fintech conferences and was listed as the Hottest Fintech Startup in Malaysia by Fintech Singapore.