KUALA LUMPUR, 31 January 2025 – CapBay, a pioneering Malaysian fintech and leader in the peer-to-peer (P2P) financing platform industry, is proud to participate in the newly launched SARANA scheme by the Securities Commission Malaysia (SC). This scheme, designed to support micro, small, and medium enterprises (MSMEs) and small contractors engaged in government contracts, further underscores CapBay’s commitment to providing innovative, flexible financing solutions that meet the unique needs of businesses across Malaysia.
With over RM4 billion in financing disbursed to date, including RM1.4 billion in Shariah-compliant financing, CapBay has been at the forefront of supporting MSMEs with an extensive range of financing options, tailored specifically to meet the needs of government contractors. CapBay, with its innovative product offerings in pre-shipment and post-shipment financing, provides tailored solutions for SMEs serving government contracts. This includes financing for the purchase of machinery, equipment, and technology, as well as support for manpower requirements in sectors like security, cleaning, catering and trading. CapBay enables businesses to access Shariah-compliant working capital to fulfill government contracts, empowering them to scale their operations while adhering to ethical financing principles.
As part of the SARANA initiative, CapBay offers two primary financing options designed to address the specific challenges faced by MSMEs and small contractors participating in government contracts: Invoice Financing, which supports cash flow post-contract delivery; and Financing for Contract Implementation (Pre-Financing), which bridges contractors’ initial working capital needs before a project is executed. These flexible solutions allow contractors to meet the rigorous financial demands of government projects, contributing to business continuity and growth.
“CapBay’s leadership in the alternative financing space is a direct result of our ability to blend experience with cutting-edge technology,” said Dato’ Sri Mohd Mokhtar Mohd Shariff, Chairman of CapBay. “Our innovative credit scoring system has allowed us to support underserved businesses often overlooked by traditional banks. By combining technology with our deep expertise in working with government contract vendors, we’ve transformed the financing landscape and established ourselves as the leading platform for MSMEs, particularly those engaged in government projects.”
Mahizan Binti Mohd Nor, Senior Vice President of CapBay, Islamic Finance, added, “With CapBay, we go beyond providing financing by creating new opportunities for Shariah-compliant solutions that cater to the diverse needs of Malaysian businesses. By leveraging the SARANA scheme and our extensive experience supporting government contract vendors, we empower MSMEs and contractors with fast, alternative, and tailored financing options.”
CapBay’s track record in government contract financing speaks for itself, with numerous successful projects funded across sectors. The company’s commitment to financial inclusion is further demonstrated through its collaboration with TERAJU, which allows CapBay to provide funding to Bumiputera SMEs, helping them access working capital for business growth.
CapBay has consistently led the charge in transitioning the financing industry toward P2P platforms, providing a more accessible and efficient alternative to traditional financial institutions. With its AI-driven solutions, CapBay ensures that businesses, regardless of their size or location, can gain access to the capital they need to thrive, making a lasting impact on Malaysia’s economic landscape.
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