CapBay and Olea Forge Strategic Partnership to FinanceMalaysian exporters

From left to right: Chenjie Teo, Senior Associate Director of Commercial, Olea; Joshua Chen, Director of Commercial, Olea; Amelia Ng, CEO, Olea; Ang Xing Xian, Co-Founder and Group CEO, CapBay; Wei Sim Tan, Senior Vice President, CapBay; Paul Khoo, Assistant Vice President, CapBay, celebrating the partnership agreement between Olea and CapBay.

PETALING JAYA, 28 JULY 2025 – Bay Group Holdings Sdn Bhd (CapBay), a homegrown Malaysian supply chain financing provider and leading Peer-to-Peer (P2P) financing company, has teamed up with Olea Global Pte. Ltd. (Olea), a Singapore-based leader in technology-driven trade and supply chain finance solutions. This strategic alliance, formalised at CapBay’s headquarters in Petaling Jaya, is designed to strengthen and develop Malaysian exporters through cross-border trade financing. CapBay and Olea both have the conviction that Malaysia will be the beneficiary in the reshuffle of global supply chains and emerge as a strong exporting country.  The collaboration aims to empower Malaysian enterprises to expand internationally and deliver high-quality products to global markets.

The partnership agreement was signed by Ang Xing Xian, Co-founder and Group CEO of CapBay, and Amelia Ng, Chief Executive Officer of Olea, during a signing ceremony. This collaboration leverages CapBay’s expertise in supply chain financing solutions, its network of Malaysian SMEs and Olea’s global liquidity solutions, international trade network, and cross-border trade expertise.  Olea has processed over $2 billion in transactions across key trade corridors.

Empowering Malaysia Exporters for Global Growth: A Strategic Partnership

This partnership is a pivotal step in CapBay’s mission to empower Malaysian exporters to thrive in international markets. The collaboration brings together CapBay’s strong SME network and AI-powered credit capabilities with Olea’s global trade finance expertise, aiming to enhance access to capital and streamline cross-border transactions.

Ang Xing Xian, Co-founder and Group CEO of CapBay, stated, “This strategic partnership with Olea underscores CapBay’s commitment to driving Malaysia’s economic growth through innovative financing. By combining our fintech expertise with Olea’s global trade capabilities, we aim to empower Malaysian enterprises to unlock new opportunities in cross-border trade and elevate Malaysian products on the global stage.”

Amelia Ng, Chief Executive Officer of Olea, commented, “We’re absolutely thrilled to be partnering with CapBay to revolutionize cross-border trade for Malaysian exporters! By combining Olea’s deep expertise in global trade and liquidity with CapBay’s cutting-edge financing infrastructure, we’re creating a powerhouse solution that empowers exporters like never before. Together, we’re not just simplifying international trade — we’re unlocking new opportunities and driving bold, transformative growth for Malaysian businesses on the global stage!”

Jasmine Lau
Director (International Expansion) of CapBay

Jasmine Lau, Director (International Expansion) of CapBay, added, “This partnership with Olea significantly strengthens CapBay’s regional presence, enabling us to better support SMEs in cross-border trade. Currently, cross-border transactions contribute 10% to our Group’s revenue, and we are ambitiously targeting 30% in the coming years, with collaborations like this driving regional growth and global competitiveness.”

CapBay’s Leadership in Fintech Innovation

Since its establishment in 2017, CapBay has disbursed over RM4.3 billion through more than 35,000 financing notes, empowering over 2,200 SMEs across 20 industries. Headquartered in Malaysia, with an active presence in Singapore and Thailand, CapBay is regulated by the Securities Commission Malaysia. The company has gained global recognition, including being the only Malaysian fintech listed on CNBC and Statista’s World’s Top Fintech Companies for three consecutive years (2023–2025), alongside international names such as PayPal, Stripe, Tencent, Grab, and GoTo.

CapBay also ranked among the top 500 in the Financial Times and Statista’s High-Growth Companies Asia-Pacific list in 2024 and 2025, demonstrating sustained growth. Additionally, CapBay was the only Malaysian entity among 60 leading fintechs, including Binance, WeBank, and Grab, named in Fortune’s Fintech Innovators Asia 2024, an accolade by the organization behind the Fortune Global 500. These achievements underscore CapBay’s leadership in supply chain finance and its commitment to empowering businesses through innovation.

Olea’s Expertise in Trade Finance

Olea Global Pte. Ltd. is a leading provider to direct global liquidity to trade and supply chain finance solutions.  With a strong presence in key markets including Singapore, Vietnam, and India, Olea leverages advanced technology to deliver efficient, transparent, and scalable financing — empowering businesses to grow and succeed in the global marketplace.

Looking Ahead

Through this strategic collaboration, new growth opportunities will be unlocked for Malaysian enterprises, contributing to economic development and enhancing the global competitiveness of local exporters. By leveraging CapBay’s regional strengths alongside Olea’s global reach, the collaboration will empower businesses to scale, innovate, and succeed in international markets.

About CapBay

CapBay is an award-winning Multi-Bank Supply Chain Finance and Peer-to-Peer (P2P) Financing platform that helps SMEs grow and unlock cashflow trapped in their supply chain by providing financing solutions. Through our proprietary credit-decisioning model, businesses of all sizes can access financing, while banks and investors can participate in high-quality financing deals. We have partnered several large corporations, banks and institutional investors to offer our solution. We are regulated by Securities Commission Malaysia (SC).

Since launching in 2017, CapBay Group has disbursed over RM4.3 billion through more than 35,000 financing notes, supporting over 2,200 SMEs. Recognised as a leader in Supply Chain Finance, CapBay has earned numerous accolades for its achievements in the fintech industry. We were named among CNBC and Statista’s World’s Top Fintech Companies for three consecutive years in 2023, 2024 and 2025, and earned a spot in Fortune’s Fintech Innovators Asia 2024. Additionally, CapBay was named among the top 500 companies in the Asia-Pacific region in FT’s High-Growth Companies Asia-Pacific 2024 and 2025, compiled by the Financial Times and Statista.

Our company’s commitment to innovation and excellence is further demonstrated through multiple awards, including the “Initiative Award – Financial Services” and “ESG Tech – Financial Services” at the Malaysia National Business Awards and Malaysia Technology Excellence Awards 2024. CapBay was also named “The Best Fintech Platform – Digital Supply Chain Finance in Asia-Pacific” by The Asian Banker and became the first Malaysian fintech to win the prestigious “Fintech Startup of the Year” award at The Asset Triple-A Digital Awards, recognising our technological leadership in the Asia-Pacific region.

For more information on CapBay, visit https://capbay.com/

About Olea

Olea is a digital infrastructure platform that connects global liquidity with trade and supply chain opportunities, fueling growth and unlocking potential worldwide.  Olea has diverse liquidity pools with varying appetite and focuses.

Olea’s vision is to connect capital to opportunity. It has a strong conviction in the role of trade to support sustainable economic development across countries, particularly emerging markets, particularly Asia where many smaller suppliers are based. Olea supports suppliers and buyers in over 70 corridors.

For more information on Olea, visit https://olea.net

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