CapBay, achieved a significant milestone in its P2P model which crossed over US$220 million (RM1 billion) in funding to more than 400 underserved SMEs in Malaysia since it launched the service in March 2020. capbaymy
Helped 400 under-served SMEs since launch of service in March 2020CapBay, the Malaysian multi-bank supply chain finance and peer-to-peer financing platform, achieved a significant milestone in its P2P model which crossed over US$220 million in funding to more than 400 underserved SMEs in Malaysia since it launched the service in March 2020.
CapBay P2P's success is attributed to its advanced technology and proprietary credit model, which leverages AI to assess an SME's repayment ability based on a comprehensive range of traditional and non-traditional data points. CapBay's co-founder and CEO, Ang Xing Xian, expressed pride in the company's achievements."Our remarkable growth in recent years has positioned CapBay P2P as a leader in the Malaysian P2P space. With our talented team and unwavering investor support, we will continue pushing boundaries, unlocking new opportunities, and scaling greater heights."
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