Hong Kong, 1 April 2026 — CapBay has been recognised with the Best Social Loan (SME) award at The Asset Triple A Sustainable Finance Awards 2026, affirming its role in advancing inclusive SME financing and supporting Malaysia’s sustainability agenda.
Malaysia and Ang Xing Xian, Co-Founder and Chief Executive Officer of CapBay
The award, received in Hong Kong by Ang Xing Xian, Co-Founder and Chief Executive Officer of CapBay, recognises the first social loan facility extended by HSBC Malaysia. The financing has supported CapBay in expanding SME funding access and facilitating better liquidity for smaller businesses.
Structured under the Social Loan Principles (SLP), the facility enables CapBay to monetise its loan receivables portfolio upfront and reinvest capital into new SME financing, creating a scalable cycle of inclusive credit. This is underpinned by CapBay’s proprietary AI-driven credit decisioning engine, which leverages alternative supply chain data to underwrite SMEs typically excluded by traditional lenders, including those lacking conventional collateral or sufficient financial records, delivering financing that is faster, broader, and more equitable.
The recognition comes as Malaysia advances the 13th Malaysia Plan (RMK13), which targets increasing SME contribution to GDP from 38.4% to 50% and calls for stronger ESG adoption across the private sector. By directing institutional capital towards underserved SMEs, including women-led businesses, first-generation entrepreneurs, and enterprises in underserved regions, the facility supports RMK13’s goals of inclusive economic growth, sustainable job creation, and broader ESG adoption.
“This award is a powerful validation of what we set out to do at CapBay: to make financing accessible for businesses that have historically been left behind by the conventional financial system. SMEs are the backbone of Malaysia’s economy, yet access to capital remains one of the most persistent barriers to their growth,” said Ang Xing Xian, Co-Founder and Chief Executive Officer, CapBay.
“Every SME we are able to reach represents jobs supported, livelihoods secured, and communities strengthened. We remain deeply committed to leveraging technology and innovative financing structures to close that gap, and this recognition from The Asset motivates us to extend that impact even further,” he added.
The recognition from The Asset, Asia’s most authoritative sustainable capital markets publication with over 26 years of market coverage, further cements CapBay’s position at the forefront of ESG-aligned fintech in Southeast Asia.
