PIKM and Planworth Empower 1,143 Security Companies with Access to Alternative Financing
02 September 2025
The Malaysian Security Industry Association (PIKM) has signed a Memorandum of Understanding (MoU) with Planworth Global Factoring Sdn Bhd (Planworth), a recipient of numerous awards including the SME Corp Enterprise 50 Award 2024 and a leading player in invoice financing and supply chain financing in Malaysia. Planworth is now well known, increasingly popular and widely trusted as a reliable alternative financial financing provider among local companies.
This collaboration opens a new chapter for local security control companies by offering access to credit-friendly, more efficient, fast, flexible and structured financing without the need for collateral — a significant step towards strengthening the financial resilience of the industry.
The MoU signing ceremony, held at a leading hotel in the capital, witnessed the joint commitment of two prominent organisations to support the operational needs of more than 1,139 security control companies registered under PIKM, most of which are facing working capital challenges and cash flow pressures, particularly due to rising monthly operational costs and rapid business growth.
PIKM President, Datuk Mohammad Ubaidillah bin Enam @ Iman, described this initiative as a game changer for the national security industry. Planworth was selected as PIKM’s strategic partner and official sponsor after going through a thorough evaluation process by a special committee.
Several factoring and alternative financing (P2P) companies were invited for assessment based on product strength, level of competitiveness, business ethics, customer satisfaction and experience, as well as reliability comparable to banking institutions in terms of services, financing disbursement and repayment management.
“Through this collaboration, security companies finally have access to a fast, transparent and reliable alternative financing channel. It is not just about financing, but a comprehensive form of support for the continuity and growth of local companies in safeguarding public safety and the nation’s strategic premises,” he said.
Now recognised as the No. 1 leader in alternative financing and the largest supply chain financing provider in Malaysia, Planworth is known and trusted as a top-tier non-bank financial institution. To date, Planworth has disbursed nearly RM3 billion through more than 40,000 financing transactions, involving supply, service and works contracts worth over RM4 billion across various industries nationwide. Planworth has assisted thousands of Micro, Small and Medium Enterprises (MSMEs), large corporations and Government-Linked Companies (GLCs) in meeting their financing needs.
For many years, Planworth has supported thousands of entrepreneurs, including those in the security industry, by meeting the financing needs of security control companies, enabling many of them to grow faster and more sustainably. With its deep industry experience, this strategic collaboration with PIKM further strengthens Planworth’s commitment to comprehensively and systematically empower the security sector.
Planworth’s Chief Executive Officer, Dato’ Kuek Andy, said:
“We believe the security sector plays a crucial role in the nation’s economic and social infrastructure. Therefore, Planworth is committed to providing fast and customer-friendly financing solutions to ensure security companies remain strong, competitive and of high quality.
“As an experienced non-bank Financial Institution (FI), Planworth has a strong track record of disbursing millions of ringgit in financing through its own capital, further supported by banking facilities from reputable financial institutions for many years. This year, we have allocated RM800 million as a clear commitment to meeting the needs of companies that wish to move faster, stay competitive and progress with confidence.”
He added that Planworth is not merely a financing provider, but a strategic partner that understands the unique needs of each industry, including the security industry which heavily depends on timely payments, enabling entrepreneurs to focus on business expansion.
As part of this collaboration, PIKM and Planworth are also planning a series of financial literacy programmes and financing briefings to better prepare PIKM members in managing their corporate finances.
This collaboration is expected to enhance the competitiveness of local security companies and strengthen the position of the industry as one of the key contributors to ensuring the nation’s security and stability.
You can read the full media press release below:
