Bay Smart Capital Ventures Sdn Bhd, known as CapBay, has partnered with the Malaysia Digital Economy Corporation to open a RM200 million (USD 49 million) financing pool for companies holding Malaysia Digital status. The programme targets asset-light technology firms, including early-stage start-ups, that often struggle to secure conventional bank financing.
Key Facts At A Glance
- Financing pool size: RM200 million (approximately USD 49 million to USD 50 million)
- Programme name: MD Technology Financing Programme
- Maximum loan size per company: RM3 million (approximately USD 750,000)
- Interest rate: starting from 6 percent per annum
- Repayment tenure: up to 60 months, with a six-month grace period
- Eligibility: companies with Malaysia Digital status incorporated for at least six months, including pre-profit start-ups
- Application process: fully digital, assessed via CapBay’s AI-powered credit model
- Announced: July 16, 2026
CapBay And MDEC Open Technology Financing Pool
CapBay and MDEC have launched the MD Technology Financing Programme, a RM200 million facility aimed at Malaysia Digital status companies seeking growth capital. The programme is designed to support business expansion, innovation, and the adoption of emerging technologies among the country’s certified digital economy firms.
Eligible companies can apply for financing of up to RM3 million, with rates starting from 6 percent per annum, repayment periods of up to 60 months, and a six-month grace period before repayments begin. The programme is open to both established technology companies and early-stage, pre-profit start-ups that have operated for at least six months.
Addressing A Collateral Gap
The initiative specifically targets asset-light businesses whose primary assets are intellectual property, talent, and proprietary systems rather than physical collateral, a profile that conventional lenders often overlook. CapBay said its assessment will rely on an artificial intelligence powered credit model that evaluates applicants based on business fundamentals and growth potential rather than fixed assets.
CapBay Co-Founder and Group Chief Executive Officer Ang Xing Xian said the programme bases credit decisions on business trajectory rather than physical collateral, aligning with how technology companies are actually structured. He added that the partnership welcomes early-stage start-ups from as little as six months after incorporation, offering non-dilutive debt financing at a stage when equity is often the only available option.
MDEC Chief Executive Officer Anuar Fariz Fadzil said access to growth capital remains a critical enabler for technology companies to innovate and scale, framing the partnership as a contribution toward Malaysia’s broader digital economy and AI development goals.