CapBay: Birthing A Unicorn

Since its birth in 2017 and operationalizing its peer-to-peer platform in 2020, CapBay has lent out more than RM1.2 billion to underserved small and medium-sized businesses. Founded by former investment bankers and management consultants, how is CapBay taking market share from traditional banks, how regulatory changes would remove limits to its growth, and how it will grow market share as more non-traditional players enter the financing space? Ang Xing Xian, the CEO and co-founder of CapBay discusses if it could be a unicorn in the making.

Image credit: CapBay