Malaysian fintech leader CapBay (Bay Group Holdings Sdn Bhd) has sealed multiple partnerships aimed at strengthening financial access and digital transformation for small and medium-sized enterprises (SMEs) in the healthcare sector. The announcements were made on the sidelines of the 25th Southeast Asia Premier Healthcare and Pharma Show (SEACare 2025), held at the Malaysia International Trade and Exhibition Centre (MITEC) in Kuala Lumpur, Malaysia, on Wednesday (23 April).
CapBay exchanged Memoranda of Understanding (MoUs) with four key industry players: Farmasi Al Arif, HealthMetrics, HorecaBid, and Nephrocare. The partnerships are set to address long-standing challenges in the sector, including limited working capital, prolonged payment cycles, and lagging digitalisation.
The MoU 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 at Malaysia Digital Economy Corporation (MDEC).
As part of the collaboration, CapBay also introduced CrediBill, a Buy Now, Pay Later (BNPL) business-to-business solution. The new tool offers instant supplier payouts and flexible payment terms for buyers, designed to ease cash flow strains and accelerate operational upgrades for healthcare SMEs.
“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.”
Each of CapBay’s new partners brings a unique expertise to the collaboration:
- Farmasi Al Arif will streamline procurement operations using CapBay’s financial tools to meet growing pharmaceutical demand.
- HealthMetrics, a digital employee healthcare benefits provider, will integrate financing into its platform to enhance service delivery.
- HorecaBid, an AI-powered eProcurement platform, aims to unlock working capital for suppliers and optimise buyers’ cash flow.
- Nephrocare, a specialist renal care provider, will use CapBay’s solutions to improve financial flexibility and patient care.
“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,” said Muhammad Farahi ‘Arif bin Tajul Ariffin, managing director of Farmasi Al Arif.
“Integrating CapBay’s financing into our model enhances healthcare benefits management while creating more value for clients and the healthcare ecosystem,” added David Lee Jia Ee, country manager (Malaysia) of HealthMetrics.
Cindy Chong, CEO and founder of HorecaBid, commented, “This collaboration enables suppliers to unlock working capital while helping buyers optimise their cash flow.”
“Access to flexible financing is crucial for specialised providers like us,” said Dato’ Suib bin Ahmad, CEO of Nephrocare. “This partnership will enhance our financial agility and improve patient care through operational efficiency.”
CapBay, which has disbursed more than RM4 billion in financing to over 2,000 SMEs across 20 industries, plans to digitally uplift over 1,000 healthcare businesses in the next 12 months. It is targeting RM100 million in financing disbursements within the sector as part of this initiative.
“By combining innovative financing with AI-powered credit models, we’re making it easier for the healthcare sector to scale with confidence,” said Carmen Chan, Vice President (Healthcare Industry) at CapBay.
The fintech firm’s latest move positions it as one of the first alternative financiers to offer dedicated, sector-specific financing tools for Malaysia’s healthcare industry. The initiative supports broader national goals under the New Industrial Master Plan (NIMP) 2030, which prioritises medical devices and pharmaceutical manufacturing.
As Malaysia pushes for healthcare digitalisation and economic resilience, CapBay’s partnerships mark a pivotal step in building a future-ready, well-funded ecosystem that addresses both operational challenges and long-term growth. 
