KUALA LUMPUR: Bay Group Holdings Sdn Bhd (CapBay), the country’s leading fintech specialising in supply chain finance and Peer-to-Peer (P2P) financing, has signed a memorandum of understanding (MoU) with four healthcare providers to improve access to digital financing for Malaysia’s healthcare SMEs and support their digital transformation.
The four are Farmasi Al Arif Sdn Bhd, HealthMetrics Sdn Bhd, HorecaBid Sdn Bhd and Nephrocare Management Sdn Bhd.
The signing and exchanging of MoU documents were held during the recent 25th Southeast Asia Premier Healthcare and Pharma Show 2025 at Malaysia International Trade and Exhibition Centre (MITEC) in Kuala Lumpur.
The ceremony was witnessed by Tunku Datuk Mohamed Alauddin Tunku Naquiyuddin, chief executive officer and executive director of Antah Healthcare Group and Mohd Redzuan Affandi Abdul Rahim, director of digital services of Malaysia Digital Economy Corporation (MDEC).
CapBay chief executive officer and co-founder Ang Xing Xian said the exchange marks a strategic move to enhance access to digital financing for Malaysia’s healthcare SMEs, a sector still grappling with long payment cycles, working capital limitations and digitalisation gaps.
At the ceremony, CapBay also unveiled CrediBill, a B2B Buy Now Pay Later (BNPL) solution that enables instant payouts to suppliers and flexible payment terms for buyers, easing cash flow constraints while accelerating technology adoption and operational upgrades.
“Our goal is to make digital financing accessible to every healthcare SME, from independent clinics to medical distributors, so they can adopt the tools they need to grow.
“Through these MoUs, we are bringing together key players to co-create a more agile, well-funded healthcare ecosystem ready for digital transformation,” he said.
Under the collaboration, the parties involved will exchange insights on healthcare trends, explore co-branded initiatives and pilot programmes aimed at advancing finance-enabled healthcare innovation.
Ang said the partnerships are designed to reduce friction across procurement and payment processes while enabling healthcare SMEs to embrace digitalisation without being held back by financing limitations.
"Backed by strategic partnerships and a robust funding pipeline, we aim to digitally uplift over 1,000 healthcare businesses in the next 12 months with targeted disbursements exceeding RM100mil," he said.
Separately, CapBay vice-president (healthcare industry) Carmen Chan said they aim to empower healthcare SMEs to embrace digital transformation without being limited by funding.
“By combining innovative financing with AI-powered credit models, we are making it easier for the healthcare sector to scale with confidence.
"The exchange of the MoUs reflects our broader mission to drive financial inclusion and innovation in sectors where access to capital remains a key barrier to growth.
"By strengthening ties with healthcare ecosystem players, we are paving the way for a more sustainable, future-ready healthcare economy, one that thrives on financial access, digital tools and shared knowledge," she said.
To date, CapBay has disbursed over RM4bil through more than 30,000 financing notes to 2,000 underserved SMEs across 20 industries.
With the latest initiative, CapBay becomes one of the first alternative financiers to actively target the healthcare industry through dedicated, sector-specific offerings.
