Planworth & NEF Sign MOU to Strengthen Financing Access for Bumiputera ICT Entrepreneurs
19 August 2025
Kuala Lumpur, 19 August 2025 – Planworth Global Factoring Sdn Bhd (Planworth) today signed a Memorandum of Understanding (MoU) with the National ICT Association of Bumiputera Entrepreneurs Malaysia (NEF) to expand access to financing for Bumiputera entrepreneurs in the technology and digital sectors.
This strategic collaboration aligns with the national digital economy development agenda and will open up wider opportunities for Bumiputera micro, small and medium enterprises (MSMEs) to grow through more inclusive alternative financing solutions.
According to Planworth’s Chief Executive Officer, Dato’ Andy Kuek, this collaboration is not only about strengthening the position of Bumiputera entrepreneurs in the digital economy, but also reaffirming Planworth’s role as a trusted financing partner.
“Our customers are not just borrowers, but strategic partners who reflect our values of good governance, credibility and aspirations for growth,” he said.
Planworth is a leading provider of smart working capital solutions and alternative financing in Malaysia, particularly for MSMEs involved in government contracts, government-linked companies (GLCs) and the private sector.
With a strong financial foundation and operations fully funded by internal capital, Planworth demonstrates the ability of a local company to stand firm without relying on foreign investment. This structure enables Planworth to offer consistent, fast and flexible financing solutions to customers nationwide.
As a recognized brand in the industry, Planworth maintains a distinct approach through transparent financing rates, a robust risk management system and the use of digital technology.
With over 11 years of industry experience, Planworth is able to support various large-scale projects, making it a key financing partner for contractors, suppliers and industry players across multiple sectors.
Upholding the principles of responsible financing, Planworth offers a fair and balanced pricing structure in line with its commitment to sustainability and integrity in the financing industry.
Planworth’s product portfolio includes pre-invoice financing, post-invoice financing, revolving credit and supply chain financing. Today, Planworth is recognized as Malaysia’s number one alternative financier that champions the success of local businesses, from startups to corporate level.
You can read the full media press release below:
