Planworth drives economic growth, offering RM800 million in collateral-free business financing.
7 February 2025
KUALA LUMPUR – “We are not just a financing provider. Planworth is a strategic business partner, helping clients overcome financial challenges, providing advice, and seizing new growth opportunities,” said Planworth CEO, Datuk Kuek Andy, in an exclusive interview with Berita Harian.
As Malaysia’s largest and leading non-bank financial institution supporting MSMEs, Planworth has taken a further step by allocating RM800 million for 2025. According to Andy, this allocation is part of the company’s commitment to strengthen the competitiveness of local businesses and support the country’s economic growth.
“These funds are specifically designed to meet the needs of micro, small, and medium enterprises (MSMEs) that serve as vendors and service providers to the Government, government agencies, GLCs, and the private sector. It will help them overcome cash flow challenges such as credit sales and working capital gaps, which often hinder business expansion,” he explained.
Priority for MSMEs
With extensive experience and expertise in invoice and supply chain financing, Planworth has served nearly thousands of clients, including borrowers, SMEs, and contract recipients, proving itself as a market leader. To date, the company has disbursed over RM2.5 billion in financing and supported contracts worth RM3.5 billion, with these numbers growing continuously.
Andy emphasized the important role of MSMEs in strengthening the national economy:
“We are committed to offering flexible, fast, and needs-oriented financing solutions. This includes helping businesses survive in a competitive economic environment and continue to grow.”
Recognition and Credibility
Planworth’s success is no coincidence. The company has been recognized with the Enterprise 50 (E50) Award, an honor highlighting competitiveness, efficient management, and financial strength. Planworth ranked 14th at the Enterprise 50 awards organized by SME Corp, standing out as the only alternative financing company. The award also boosts customer confidence.
“This award is not just an achievement but a symbol of customer trust in our ability to provide innovative, reliable, and credible financing,” Andy said confidently.
Driving Digital Transformation
Commenting on technology, he highlighted the importance of digital innovation in the alternative financing landscape:
“Planworth continuously invests in technology to simplify processes and enhance customer experience. This is our commitment to providing personalized and efficient services.”
Planworth also adopts a customer-centric approach as a key strategy to stand out in the industry.
“Every customer is a partner. Planworth ensures they receive a personal touch at every stage of service,” he added.
Future Vision
When asked about Planworth’s future vision, Datuk Kuek stated that the company aims to redefine the alternative financing landscape in Malaysia:
“With this RM800 million allocation, we aim to expand our impact nationwide, helping more businesses reach their full potential. Planworth’s focus is to remain the market leader while supporting sustainable economic growth.”
Solutions for Business Challenges
Planworth is also seen as a problem-solving expert for businesses facing cash flow issues and supply chain disruptions. According to Datuk Kuek, these challenges often prevent companies from achieving operational stability:
“Planworth’s solutions are designed to help businesses maintain stability while opening opportunities for market expansion. By supporting businesses, we also contribute to the nation’s economic growth.”
Aspiration to Drive the National Economy
As a subsidiary of the Grand Columbia Group, Planworth continues to be a leading force in alternative financing.
With a 4-star SME Competitiveness Rating Enhancement (SCORE) accredited by SME Corp – based on financial strength, business performance, human resources, technology adoption, certification, and market presence – the company continues to position itself as a top choice for MSMEs and corporates in Malaysia.
“Every step Planworth takes is to ensure customer success because their success is our shared success. With a combination of innovation, technology, and industry expertise, Planworth is ready to become a key driver of the national economy,” Andy concluded.
You can read the full media press release below:
