Malaysia-based Capbay focuses on another small niche in the B2B payments space: Supply chain and peer-to-peer business financing. Founded in 2016, the service tries to help small- and medium-sized enterprises unlock cash stuck somewhere in the supply chain. In mid-2023, Capbay announced that it had provided 1 billion Malaysian ringgit ($230 million) in funds to Malaysian SMEs. And, importantly for a service based in Muslim-majority Malaysia, the service complies with shariah law.
- Company Information
- Fintech Innovators Asia
- Updated:11/6/24
- Country/Territory:Malaysia
- Headquarters:Selangor
- Industry:Internet Services and Retailing
- CEO:Ang Xing Xian
- Website:https://www.capbay.com
- Ticker:
- Company type:Private
- Revenues ($M):
- Profits ($M):
- Market value ($M):
- Number of employees:
- Category:Payments
- Rank within category:10
Capbay in Fortune Rankings
- Fintech Innovators Asia