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Endeavor Entrepreneurs

Ang Xing Xian


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.

CapBay is a platform that connects investors and banks to small and medium businesses in need of financing. What started off as a common passion in contributing back to Malaysia has turned into an award-winning Multi-Bank Supply Chain Finance and Peer-to-Peer (P2P) Financing platform that helps SMEs grow and unlock cashflow trapped in the supply chain by providing financing solutions. The company has funded more than $550 million since its founding in 2016.

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