CapBay Expands into Healthcare with Digital Financing Push at SEACare 2025
Bay Group Holdings Sdn Bhd (CapBay), Malaysia’s leading fintech platform specialising in supply chain finance and peer-to-peer (P2P) lending, has signed strategic Memorandums of Understanding (MoUs) with four healthcare-related companies — Farmasi Al Arif, HealthMetrics, HorecaBid, and Nephrocare — in a move aimed at expanding digital financing access for SMEs in the healthcare sector.
The MoU exchange took place at the 25th Southeast Asia Premier Healthcare and Pharma Show 2025 (SEACare 2025) at MITEC, Kuala Lumpur, and was witnessed by Tunku Dato’ Mohamed Alauddin Tunku Naquiyuddin, CEO and Executive Director of Antah Healthcare Group, and Mohd Redzuan Affandi Abdul Rahim, Director of Digital Services at the Malaysia Digital Economy Corporation (MDEC).
The healthcare industry in Malaysia continues to face challenges such as delayed payment cycles, working capital gaps, and slow digital adoption. CapBay aims to address these issues through tailored financial solutions that promote operational efficiency and business resilience.
As part of this initiative, CapBay officially launched CrediBill, a B2B Buy Now Pay Later (BNPL) solution designed to provide immediate payouts to suppliers and flexible payment terms for buyers. This solution is expected to ease cash flow constraints and support the digital transformation of healthcare SMEs.
Ang Xing Xian, Co-founder and CEO of CapBay, highlighted the significance of the new partnerships: “Our goal is to make digital financing accessible to every healthcare SME — from independent clinics to medical distributors — so they can adopt the tools they need to grow.
“Through these MoUs, we’re bringing together key players to co-create a more agile, well-funded healthcare ecosystem ready for digital transformation.”
Under the collaborations, CapBay and its partners will exchange insights on healthcare trends, co-develop initiatives, and run pilot programmes aimed at improving procurement and payment systems.
These efforts are intended to reduce friction in operations while allowing healthcare SMEs to embrace digitalisation without being constrained by traditional financing barriers.
The partner companies echoed the importance of such collaborations. Muhammad Farahi ‘Arif bin Tajul Ariffin, Managing Director of Farmasi Al Arif, noted that CapBay’s solutions would streamline procurement and strengthen service delivery in the pharmaceutical sector.
David Lee Jia Ee, Country Manager (Malaysia) of HealthMetrics, said the integration of financing into their platform would enhance the management of healthcare benefits and increase value for clients.
HorecaBid CEO and Founder Cindy Chong praised the partnership for enabling both suppliers and buyers to better manage cash flow, while Nephrocare CEO Dato’ Suib bin Ahmad emphasised the role of flexible financing in improving operational agility and patient care.
CapBay, backed by a strong funding pipeline and strategic alliances, aims to support over 1,000 healthcare-related businesses within the next year, with targeted disbursements exceeding RM100 million.
According to Carmen Chan, Vice President (Healthcare Industry) at CapBay, “We want to empower healthcare SMEs to pursue digital transformation without being limited by funding. By combining innovative financing models with AI-driven credit assessments, we’re helping the sector scale confidently.”
With over RM4 billion in financing already disbursed to 2,000 underserved SMEs across 20 industries, CapBay is now positioning itself as one of the first alternative financiers to actively and specifically target the healthcare sector.
This initiative underscores CapBay’s broader mission to advance financial inclusion and promote innovation in industries where access to capital remains a core challenge.
By deepening its engagement with healthcare ecosystem players, CapBay is helping pave the way for a more resilient and digitally enabled healthcare economy — one that thrives on collaboration, financial access, and smart technology.
