CapBay & Olea join hands to boost Malaysia's exports

Malaysian supply chain financing platform CapBay (Bay Group Holdings Sdn Bhd) has formed a strategic alliance with Olea Global Pte. Ltd., a Singaporean trade and supply chain finance solutions company, to provide cross-border financing to support Malaysian exporters.

“This strategic alliance with Olea reflects CapBay's dedication to spurring Malaysia's economic development through innovative financing. Through the integration of our fintech capabilities and Olea's international trade capabilities, we hope to enable Malaysian businesses to tap into new possibilities in cross-border trade and promote Malaysian products on the world stage.” stated Ang Xing Xian, Co-founder and Group CEO of CapBay.

Key Highlights:

• CapBay partners with Olea to enhance cross-border financing for Malaysian exporters
• The alliance combines AI-driven credit tools with Olea’s global trade expertise
• CapBay aims to raise cross-border revenue from 10 percent to 30 percent in coming years

The partnership will combine CapBay’s AI-powered credit solutions and robust network of Malaysian SMEs with Olea’s international liquidity, trade network, and expertise. Olea has processed over USD 2 billion in transactions across major global trade corridors.

“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,” said Amelia Ng, CEO of Olea.

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Jasmine Lau , CapBay's Director of International Expansion Said, “Cross-border transactions currently represent 10 percent of the company's revenue. We are aggressively projecting 30 percent in the next few years, with partnerships like this fueling regional development and competitiveness on the global stage."

Since its inception in 2017, CapBay has provided more than MYR 4.3 billion (USD 1.02 billion) of funding to over 35,000 financing notes, enabling more than 2,200 SMEs in 20 industries, representing an important milestone in strengthening Malaysia's export capabilities.