Bay Group Holdings Sdn Bhd (CapBay), a Malaysian company that provides supply chain and peer-to-peer (P2P) financing, has partnered with Olea Global Pte. Ltd.. This Singapore-based company offers tech-based trade and supply chain finance solutions. Together, they will offer cross-border financing to help Malaysian exporters do business internationally.
The duo said in a statement on Tuesday that this strategic alliance is designed to strengthen and develop Malaysian exporters through cross-border trade financing.
CapBay and Olea believe that Malaysia will benefit from the changes in global supply chains and grow into a strong exporting country.
Their partnership aims to help Malaysian businesses grow internationally and deliver top-quality products to the world.
The collaboration combines CapBay’s skills in supply chain financing and its network of local small and medium-sized businesses (SMEs) with Olea’s global trade knowledge, international connections and funding solutions.
Olea has already handled over $2 billion in trade deals around the world.
This partnership is an important step in CapBay’s goal to support Malaysian exporters in competing globally.
Together, they will make it easier for Malaysian businesses to get the money they need and simplify cross-border trade by using AI and expert financial tools.
This partnership will create new growth opportunities for Malaysian businesses helping the country’s economy grow and making local exporters more competitive around the world.
By combining CapBay’s local strengths with Olea’s global network, the collaboration will help businesses grow, innovate, and succeed in international markets.
“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,” said Ang Xing Xian Co-founder and Group Chief Executive Officer of CapBay.
Meanwhile, Amelia Ng Chief Executive Officer of Olea, said that by combining Olea’s deep expertise in global trade and liquidity with CapBay’s cutting-edge financing infrastructure, they are 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,” she added.
Jasmine Lau, Director (International Expansion) of CapBay added that this partnership with Olea significantly strengthens CapBay’s regional presence, enabling them to better support SMEs in cross-border trade.
“Currently, cross-border transactions contribute 10 percent to our group’s revenue, and we are ambitiously targeting 30 percent in the coming years, with collaborations like this driving regional growth and global competitiveness,” she added.
Since its establishment in 2017, CapBay has disbursed over MYR 4.3 billion ($1.02 billion) through more than 35,000 financing notes, empowering over 2,200 SMEs across 20 industries.
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