# CapBay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/capbay

- Industry: Financial Services
- Headquarters: Petaling Jaya, Malaysia
- Website: https://capbay.com/
- Total disclosed funding: $9M
- Latest round: Series A (Sep 13, 2021)
- Investors on record: 2

## About

CapBay, based in Malaysia, is a financial technology company specializing in innovative solutions that enhance cash flow for businesses, particularly through supply chain financing and invoice financing services.CapBay, founded in 2016 in Petaling Jaya, Malaysia, operates as a financial service provider aimed at assisting businesses in managing their cash flow. The company was established by Darrel Ang, Edwin Tan, and Xing Ang. In December 2021, CapBay raised USD 7 million in funding from Kenanga Investment Bank Berhad, marking its total amount raised at USD 7 million. With a focus on supporting small to medium-sized enterprises, CapBay has completed four deals to date, the most recent being on December 20, 2021.CapBay specializes in providing innovative financial solutions aimed at improving cash flow for businesses. Their core offerings include supply chain financing, invoice financing, and inventory financing, designed to assist companies in managing their working capital more effectively. These services function by allowing businesses to unlock the liquidity tied up in their invoices or inventory, thus enabling them to invest in growth opportunities or cover operational expenses. The company primarily serves small to medium-sized enterprises in Southeast Asia, focusing on key markets such as Malaysia and Indonesia. CapBay's client base consists of a diverse range of industries, including manufacturing, retail, and logistics, all seeking to optimize their financial operations and enhance cash flow management.In the most recent fiscal year 2023, CapBay generated a revenue of USD 5,568,862.90, with an EBITDA of USD 1,203,751.40. CapBay generates revenue through a structured model that includes transaction fees associated with their financing services. Clients typically engage in B2B transactions where businesses utilize CapBay’s financing solutions to receive immediate liquidity in exchange for a percentage of their invoices or inventory value. The pricing structure is based on the amount financed and the duration of the financing period, with fees applied at the time of transaction completion. This model allows CapBay to establish long-term partnerships with its users while ensuring repeat business as clients return for additional financing support. The company’s flagship services, including its invoice financing program, play a significant role in its revenue generation strategy, catering to the financial needs of its diverse clientele.CapBay plans to utilize the USD 7 million raised in December 2021 to accelerate the growth of Malaysian SMEs and enhance its Shariah-compliant supply chain finance arm, CapBay Islamic. The company aims to expand its operations further into Southeast Asia, specifically targeting Indonesia and Thailand for market penetration by the end of 2024. Upcoming product launches and enhancements are also in development to better serve the financial needs of SMEs in these regions.

## Funding rounds

- Series A, Sep 13, 2021, $2.3M — Ericsenz Capital
- Series A, Jul 29, 2020, $6.3M — KK Fund, Ericsenz Capital
- Seed, Jun 7, 2017, $0.5M — KK Fund

## Investors

- KK Fund (https://capitalatlas.ai/funds/kk-fund) — Seed, Series A
- Ericsenz Capital (https://capitalatlas.ai/funds/ericsenz-capital) — Series A