Bay Smart Capital Ventures Sdn Bhd (CapBay), a fintech company in Malaysia, has partnered with CGC Digital Sdn Bhd, the digital arm of CGC Malaysia.
Together, they are launching a new Digital Guarantee Scheme to support Micro, Small, and Medium Enterprises (MSMEs) that do not have easy access to funding.
This scheme will help these businesses get better access to capital and grow more easily.
CGC Digital offers special guarantees that help reduce risk for lenders. Through this partnership, both companies share the risk, which helps MSMEs get loans at lower interest rates. It also makes it easier for businesses without collateral to access funding.
At the same time, CapBay uses its own AI-based system to quickly check creditworthiness, which speeds up the loan process and helps businesses get money faster.
Together, this creates a strong support system for local businesses. The scheme also offers both Islamic and conventional financing options so that more businesses can benefit.
“We are proud to partner with CGC Digital to make capital widely accessible to SMEs hindered by the lengthy approval processes of traditional avenues. By leveraging CapBay’s AI-driven credit assessment, we can offer seamless, rapid digital financing to serve the ‘missing middle’, viable enterprises that are often overlooked. Backed by CGC Digital’s guarantee, this strategic allocation represents our shared commitment to injecting vital liquidity into the MSME landscape so grassroots businesses can thrive in a modern economy,” said Ang Xing Xian, Co-Founder and CEO of CapBay.
Yushida Husin, CEO of CGC Digital, added, “CGC Digital is committed to innovation that drives financial inclusion. Our collaboration with CapBay enables us to leverage data-driven insights to more effectively bridge the financing gap for MSMEs. By offering a guarantee scheme that accommodates both Shariah-compliant and conventional needs, we are not only providing a safety net for financiers but also opening doors for small businesses to scale. This initiative aligns with our mandate to empower the underserved with the financial tools necessary for sustainable growth.”
CapBay and CGC Digital share a common goal of creating a more fair and inclusive economy. This partnership supports Malaysia’s MADANI Economy plan and the 13th Malaysia Plan (RMK13).
By combining fintech technology with trusted credit guarantees, they aim to remove funding challenges for MSMEs. They also want to help small businesses go digital, grow stronger, and compete better at a global level.
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