CAPBAY, Malaysia’s leading fintech specialising in supply chain finance, has been recognised with the Best Social Loan (SME) award, adding yet another feather to its cap.
The latest achievement was under The Asset Triple A Sustainable Finance Awards 2026, one of Asia’s most authoritative recognitions in sustainable capital markets publication with over 26 years of market coverage.
CapBay co-founder and chief executive officer Ang Xing Xian was on hand to receive the award during the ceremony held in Hong Kong.
The award recognises the first social loan facility extended by HSBC Malaysia.
Ang said the financing has helped support CapBay in expanding SME funding access and facilitating better liquidity for smaller businesses.
"Structured under the Social Loan Principles (SLP), the facility enables CapBay to monetise our loan receivables portfolio upfront and reinvest capital into new SME financing, creating a scalable cycle of inclusive credit.
"Underpinning this is CapBay’s proprietary AI-driven credit decisioning engine which leverages alternative supply chain data to underwrite SMEs typically excluded by traditional lenders - those lacking conventional collateral or sufficient financial records - delivering financing that is faster, broader and more equitable," he said.
Ang also said the recognition is timely as Malaysia advances its 13th Malaysia Plan (13MP) for 2026 to 2030, which targets growing SME contribution to Gross Domestic Product from 38.4% to 50%.
The 13MP also calls on the private sector to embrace ESG (Environmental, Social and Governance) as a pillar of national competitiveness.
"By directing institutional capital towards underserved SMEs, including women-led businesses, first-generation entrepreneurs and enterprises in underserved regions - the facility supports 13MP’s goals of inclusive economic growth, sustainable job creation and broader private sector ESG adoption.
"The award is a powerful validation of what we set out to do at CapBay - to make financing accessible for businesses that have historically been left behind by the conventional financial system," he said.
"SMEs are the backbone of Malaysia’s economy, yet access to capital remains one of the most persistent barriers to their growth.
"Every SME we can reach represents jobs supported, livelihoods secured and communities strengthened," Ang added.
Ang also said CapBay remains deeply committed to leveraging technology and innovative financing structures to close the gap and that the latest recognition motivates them to extend the impact even further as an ESG-aligned fintech in Southeast Asia.
Since its launch in 2017, CapBay Group has disbursed over RM5.4bil through more than 40,000 financing notes, supporting over 2,500 SMEs 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.
