IMPACTS WE ACHIEVED
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Globally
1,930
US$ 20
Over 3
entrepreneurs
billion in revenues in
2018
million jobs created
Malaysia
36
MYR 1.4
2,200
local companies in both tracks
billion in revenues in
2018
employees hired in 2018
IMPACTS WE ACHIEVED
I'm a paragraph. Click here to add your own text and edit me. It’s easy. Just click “Edit Text” or double click me to add your own content and make changes to the font. Feel free to drag and drop me anywhere you like on your page. I’m a great place for you to tell a story and let your users know a little more about you.
This is a great space to write long text about your company and your services. You can use this space to go into a little more detail about your company. Talk about your team and what services you provide. Tell your visitors the story of how you came up with the idea for your business and what makes you different from your competitors.
Globally
1,930
US$ 20
Over 3
entrepreneurs
billion in revenues in
2018
million jobs created
Malaysia
36
MYR 1.4
2,200
local companies in both tracks
billion in revenues in
2018
employees hired in 2018
Endeavor Entrepreneurs
Ang Xing Xian
CapBay
Ang Xing Xian is the Co-founder and CEO of CapBay, a Supply Chain Finance and Peer-to-Peer (P2P) Financing platform for SMEs.
Ang Xing Xian, the Co-founder and Chief Executive Officer of CapBay, found inspiration for the company through a personal challenge. Observing the cash flow struggles of his family's fishing business, he identified a common issue among SMEs facing extended payment terms from larger buyers. This realization fueled his drive to revolutionize SME financing.
Xing Xian's career began in investment banking and foreign exchange trading at leading global institutions such as HSBC and Credit Suisse. He expanded his expertise at MarketInvoice, a UK-based P2P financing startup, served as a consultant at Accenture for three years, and had a tenure at Private Equity firm Creador. Following these roles, he co-founded CapBay in 2016 and has since been leading the company as its CEO.
His academic background is equally impressive, with a Bachelor’s Degree in Mathematics and Statistics from Imperial College and a Master’s in Mathematical and Computational Finance from Oxford University. It was at Oxford where Xing Xian crossed paths with his future co-founders, Edwin Tan, and Darrel Ang.
Under Xing Xian’s stewardship, CapBay has evolved into a pioneering marketplace in Malaysia, earning recognition as the leading and fastest-growing P2P supply chain financing player addressing the financial needs of thousands of SMEs. Capbay has disbursed $550M+ in loans, acquired Kenanga Capital Islamic, became the only Malaysian fintech to be listed in CNBC’s “Top 200 Global Fintech Companies” and won “Fintech Startup of The Year” by The Asset Triple A Digital Awards. Today, CapBay has expanded into Thailand and Singapore, with plans to expand further across Southeast Asia.
In September 2023, CapBay was selected at Endeavor’s 40th Virtual International Selection Panel.
