CapBay and Olea Forge Strategic Partnership to Finance Malaysian Exporters

Bay Group Holdings Sdn Bhd (CapBay), a homegrown Malaysian supply chain financing provider and leading Peer-to-Peer (P2P) financing company, has teamed up with Olea Global Pte. Ltd. (Olea), a Singapore-based leader in technology-driven trade and supply chain finance solutions. This strategic alliance, formalised at CapBay’s headquarters in Petaling Jaya, is designed to strengthen and develop Malaysian exporters through cross-border trade financing. CapBay and Olea both have the conviction that Malaysia will be the beneficiary in the reshuffle of global supply chains and emerge as a strong exporting country.  The collaboration aims to empower Malaysian enterprises to expand internationally and deliver high-quality products to global markets.

The partnership agreement was signed by Ang Xing Xian, Co-founder and Group CEO of CapBay, and Amelia Ng, Chief Executive Officer of Olea, during a signing ceremony. This collaboration leverages CapBay’s expertise in supply chain financing solutions, its network of Malaysian SMEs and Olea’s global liquidity solutions, international trade network, and cross-border trade expertise.  Olea has processed over $2 billion in transactions across key trade corridors. 

Empowering Malaysia Exporters for Global Growth: A Strategic Partnership

This partnership is a pivotal step in CapBay’s mission to empower Malaysian exporters to thrive in international markets. The collaboration brings together CapBay’s strong SME network and AI-powered credit capabilities with Olea’s global trade finance expertise, aiming to enhance access to capital and streamline cross-border transactions.

Ang Xing Xian, Co-founder and Group CEO of CapBay, stated, “This strategic partnership with Olea underscores CapBay’s commitment to driving Malaysia’s economic growth through innovative financing. By combining our fintech expertise with Olea’s global trade capabilities, we aim to empower Malaysian enterprises to unlock new opportunities in cross-border trade and elevate Malaysian products on the global stage.”

Amelia Ng, Chief Executive Officer of Olea, commented, “ We’re absolutely thrilled to be partnering with CapBay to revolutionise cross-border trade for Malaysian exporters! By combining Olea’s deep expertise in global trade and liquidity with CapBay’s cutting-edge financing infrastructure, we’re creating a powerhouse solution that empowers exporters like never before. Together, we’re not just simplifying international trade — we’re unlocking new opportunities and driving bold, transformative growth for Malaysian businesses on the global stage!”

Jasmine Lau, Director (International Expansion) of CapBay, added, “This partnership with Olea significantly strengthens CapBay’s regional presence, enabling us to better support SMEs in cross-border trade. Currently, cross-border transactions contribute 10% to our Group’s revenue, and we are ambitiously targeting 30% in the coming years, with collaborations like this driving regional growth and global competitiveness.”

CapBay’s Leadership in Fintech Innovation

Since its establishment in 2017, CapBay has disbursed over RM4.3 billion through more than 35,000 financing notes, empowering over 2,200 SMEs across 20 industries. Headquartered in Malaysia, with an active presence in Singapore and Thailand, CapBay is regulated by the Securities Commission Malaysia. The company has gained global recognition, including being the only Malaysian fintech listed on CNBC and Statista’s World’s Top Fintech Companies for three consecutive years (2023–2025), alongside international names such as PayPal, Stripe, Tencent, Grab, and GoTo.

CapBay also ranked among the top 500 in the Financial Times and Statista’s High-Growth Companies Asia-Pacific list in 2024 and 2025, demonstrating sustained growth. Additionally, CapBay was the only Malaysian entity among 60 leading fintechs, including Binance, WeBank, and Grab, named in Fortune’s Fintech Innovators Asia 2024, an accolade by the organization behind the Fortune Global 500. These achievements underscore CapBay’s leadership in supply chain finance and its commitment to empowering businesses through innovation.

Olea’s Expertise in Trade Finance

Olea Global Pte. Ltd. is a leading provider to direct global liquidity to trade and supply chain finance solutions.  With a strong presence in key markets including Singapore, Vietnam, and India, Olea leverages advanced technology to deliver efficient, transparent, and scalable financing — empowering businesses to grow and succeed in the global marketplace.

Looking Ahead

Through this strategic collaboration, new growth opportunities will be unlocked for Malaysian enterprises, contributing to economic development and enhancing the global competitiveness of local exporters. By leveraging CapBay’s regional strengths alongside Olea’s global reach, the collaboration will empower businesses to scale, innovate, and succeed in international markets.