(7 April 2026 – Malaysia) CGC Digital and Fintechs Bay Smart Capital Ventures have activated a digital guarantee scheme seeking to close the SME finance gap in Malaysia.
Jenny Messenger reports for GTR that it is the first dual-facility offering under the CGC Digital guarantee scheme, inferring that it provides both Islamic and conventional financing to target overall market inclusion.
The facility utilises artificial intelligence (AI) to make credit decisions, which “drastically” reduces evaluation times and enables capital to be allocated to MSMEs “with unprecedented speed”, CapBay stated. To date, it claims to have facilitated over US$1.4 billion in financing for more than 2,500 SMEs.
“By offering a guarantee scheme that accommodates both Shariah-compliant and conventional needs, we are not only providing a safety net for financiers but also opening doors for small businesses to scale. This initiative aligns with our mandate to empower the underserved with the financial tools necessary for sustainable growth” stated CGC Digital CEO Yushida Husin.
“By leveraging CapBay’s AI-driven credit assessment, we can offer seamless, rapid digital financing to serve the ‘missing middle’, viable enterprises that are often overlooked. Backed by CGC Digital’s guarantee, this strategic allocation represents our shared commitment to injecting vital liquidity into the MSME landscape so grassroots businesses can thrive in a modern economy” commented CapBay CEO and Co-Founder, Ang Xing Xian.