Kuala Lumpur, 25 April 2025 – Bay Group Holdings Sdn Bhd (“CapBay”), Malaysia’s leading fintech specialising in supply chain finance and Peer-to-Peer (“P2P”) financing, today exchanged Memorandums of Understanding (“MoUs”) with Farmasi Al Arif Sdn Bhd (“Farmasi Al Arif”), HealthMetrics Sdn Bhd (“HealthMetrics”), HorecaBid Sdn Bhd (“HorecaBid”), and Nephrocare Management Sdn Bhd (“Nephrocare”) on the sidelines of the 25th Southeast Asia Premier Healthcare and Pharma Show 2025 (“SEACare 2025”) at MITEC, Kuala Lumpur. The exchange ceremony was witnessed by Y.M. Tunku Dato’ Mohamed Alauddin Tunku Naquiyuddin, CEO and Executive Director of Antah Healthcare Group, and Mohd Redzuan Affandi Bin Abdul Rahim, Director of Digital Services of Malaysia Digital Economy Corporation (“MDEC”).
The exchange marks a strategic move to enhance access to digital financing for Malaysia’s healthcare SMEs, a sector still grappling with long payment cycles, working capital limitations, and digitalisation gaps. At the ceremony, CapBay also unveiled CrediBill, a B2B Buy Now Pay Later (BNPL) solution that enables instant payouts to suppliers and flexible payment terms for buyers — easing cash flow constraints while accelerating technology adoption and operational upgrades.
“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,” said Ang Xing Xian, Co-founder and CEO of CapBay. “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 collaboration, parties will exchange insights on healthcare trends, explore co-branded initiatives, and pilot programmes aimed at advancing finance-enabled healthcare innovation. The partnerships are designed to reduce friction across procurement and payment processes while enabling healthcare SMEs to embrace digitalisation — without being held back by financing limitations.
Muhammad Farahi ‘Arif bin Tajul Ariffin, Managing Director of Farmasi Al Arif, said, “CapBay’s financing solutions will significantly streamline our procurement processes, allowing us to better meet the growing demands of the pharmaceutical industry and enhance our service delivery.”
David Lee Jia Ee, Country Manager (Malaysia) of HealthMetrics, commented, “Integrating CapBay’s financing into our model enhances healthcare benefits management while creating more value for clients and the healthcare ecosystem.”
Cindy Chong, CEO & Founder of HorecaBid, shared, “We’re pleased to partner with CapBay to integrate flexible financing solutions into our platform, empowering suppliers and buyers in the healthcare and hospitality sectors. This collaboration enables suppliers to unlock working capital while helping buyers optimize their cash flow.”
Dato’ Suib bin Ahmad, CEO of Nephrocare, added, “Access to flexible financing is crucial for specialised providers like us. This partnership will enhance our financial agility and improve patient care through operational efficiency.”
Backed by strategic partnerships and a robust funding pipeline, CapBay aims to digitally uplift over 1,000 healthcare businesses in the next 12 months, with targeted disbursements exceeding RM100 million.
“Our goal is to empower healthcare SMEs to embrace digital transformation without being limited by funding,” said Carmen Chan, Vice President (Healthcare Industry) of CapBay. “By combining innovative financing with AI-powered credit models, we’re making it easier for the healthcare sector to scale with confidence.”
To date, CapBay has disbursed over RM4 billion in financing to 2,000 underserved SMEs across 20 industries. With this latest initiative, CapBay becomes one of the first alternative financiers to actively target the healthcare industry through dedicated, sector-specific offerings.
The exchange of the MoUs reflects a broader mission: to drive financial inclusion and innovation in sectors where access to capital remains a key barrier to growth. By strengthening ties with healthcare ecosystem players, CapBay is paving the way for a more sustainable, future-ready healthcare economy — one that thrives on financial access, digital tools, and shared knowledge.