Private credit is booming, says CapBay’s Ang

This article first appeared in Wealth, The Edge Malaysia Weekly on September 25, 2023 – October 1, 2023

Private credit, which entails non-bank lenders providing credit to small and medium enterprises (SMEs), is experiencing a boom, says Ang Xing Xian, CEO and co-founder of peer-to-peer (P2P) financing firm Capital Bay Sdn Bhd (CapBay).

“If you talk to the asset managers in town, you’d find…