Planworth and MTDC Forge Strategic Partnership to Empower SMEs Through Inclusive and Sustainable Project Financing Solutions
10 July 2026
KUALA LUMPUR, July 2026 – Planworth Global Factoring Sdn. Bhd., a multi-award-winning company in Malaysia and Singapore, including the recipient of the Enterprise 50 (E50) Award 2024, Malaysia’s No. 1 market leader and the country’s largest non-collateral alternative financing institution, today signed a Memorandum of Understanding (MoU) with the Malaysian Technology Development Corporation (MTDC) to strengthen support for micro, small and medium enterprises (SMEs) through more flexible, inclusive and sustainable project financing solutions.
The MoU signing ceremony, held in Kuala Lumpur, saw the agreement signed by Ts. Haji Hazani Hassan, Group Chief Executive Officer of MTDC, witnessed by Mr. Mohammad Farish, Executive Vice President of Group Corporate Services, MTDC.
Representing Planworth, the MoU was signed by Ms. Elaine Lim, Executive Director of Planworth Global Factoring Sdn. Bhd., and witnessed by Ms. Stella Yen, Chief Operating Officer of Planworth.
This strategic collaboration aims to strengthen Malaysia’s SME financing ecosystem by providing faster and more flexible access to working capital amid today’s increasingly challenging business environment. Rising operating costs, cash flow constraints, extended project payment cycles, and the need for upfront capital to commence projects remain among the key challenges faced by SMEs across the country.
Through this partnership, MTDC and Planworth will explore opportunities to expand SMEs’ access to financing solutions that support business growth, project execution, and the development of innovation- and technology-driven enterprises.
As a strategic financing partner, Planworth will offer a comprehensive suite of financing solutions, including contract and working capital financing, invoice financing, bank guarantee and performance bond facilities, as well as supply chain financing. These solutions are designed to help SMEs strengthen cash flow, meet working capital requirements, and execute projects more efficiently without disrupting their day-to-day business operations.
Planworth is part of the Grand Columbia Group, an international business group with operations across the Asia-Pacific region. Backed by the Group’s extensive expertise in banking, finance, insurance, property development, and manufacturing, with operations in Malaysia, Singapore, China, and Papua New Guinea, Planworth is well-positioned to deliver sustainable, responsive, and scalable financing solutions to Malaysian SMEs.
Beyond providing access to financing, this collaboration seeks to strengthen SMEs’ capabilities, enhance their competitiveness, and enable them to seize more opportunities in government, government-linked company (GLC), and private sector projects.
Ms. Elaine Lim, Executive Director of Planworth Global Factoring Sdn. Bhd., said:
“Our strategic collaboration with MTDC marks an important milestone in expanding SMEs’ access to more flexible and responsive financing solutions. Many entrepreneurs possess tremendous business potential and opportunities, yet continue to face cash flow constraints and working capital challenges when executing projects. By leveraging the combined expertise and extensive networks of both organisations, we hope this partnership will enable more SMEs to capitalise on business opportunities, execute projects with greater confidence, and strengthen their competitiveness. At the same time, we believe this initiative will contribute to the development of a stronger SME ecosystem and support Malaysia’s sustainable economic growth.”
To date, Planworth has supported contract values exceeding RM5 billion through more than 50,000 financing transactions across a wide range of industries, helping thousands of SMEs successfully execute projects while strengthening their business cash flow. This achievement has been recognised through numerous industry accolades in Malaysia and Singapore, including the prestigious Enterprise 50 (E50) Award 2024, reflecting the company’s excellence in the alternative financing industry.
In 2026, Planworth has allocated RM1 billion in financing facilities to enable more SMEs to access working capital and project financing in support of their business growth. The company has also received various accreditations and recognitions from government agencies, underscoring its operational excellence, financial strength, and the high level of trust it has earned from customers and strategic partners.
Planworth is also registered with the Ministry of Finance Malaysia (MOF) and ePerolehan, further strengthening its position as a preferred financing partner for companies undertaking projects in the government, government-linked company (GLC), and private sectors.
As an agency under the Ministry of Science, Technology and Innovation (MOSTI), MTDC plays a pivotal role in advancing Malaysia’s technology and innovation ecosystem through various financing initiatives, capacity-building programmes, and technology commercialisation efforts. MTDC’s extensive ecosystem is expected to complement Planworth’s financing expertise, enabling more SMEs to accelerate their business growth and innovation journey.
This strategic partnership reflects the shared commitment of both organisations to strengthening Malaysia’s entrepreneurial ecosystem while supporting a more inclusive and sustainable economic development agenda. Through the combination of their expertise, extensive networks, and comprehensive financing solutions, both parties are confident that more SMEs will gain greater opportunities to expand their businesses, enhance project execution capabilities, and contribute meaningfully to the nation’s economic growth.
About Planworth Global Factoring Sdn. Bhd.
Planworth Global Factoring Sdn. Bhd. is Malaysia’s No. 1 market leader and the country’s largest non-collateral alternative financing institution, providing a comprehensive range of financing solutions to micro, small and medium enterprises (SMEs). Registered with the Ministry of Finance Malaysia (MOF) and ePerolehan, Planworth offers contract financing, working capital financing, invoice financing, supply chain financing, bank guarantee facilities, and performance bond solutions to support projects across the government, government-linked company (GLC), and private sectors.
As the recipient of numerous industry awards in Malaysia and Singapore, including the prestigious Enterprise 50 (E50) Award 2024, Planworth is committed to delivering fast, flexible, and responsive financing solutions that empower SMEs to strengthen cash flow, expand their businesses, and seize more project opportunities both locally and internationally.
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