Planworth launches digital SCF platform after RM4bn (US$980m) of Malaysian financing

Planworth Global Factoring has launched a digital supply chain finance platform connecting corporate and public-sector buyers, Malaysian MSME suppliers and financiers within a single financing workflow.

The platform brings financing applications, document verification, credit assessment, approval, disbursement and status monitoring into one digital environment, targeting businesses executing contracts for government bodies, government-linked companies and private-sector customers.

Its launch gives Planworth a technology layer around a financing operation that has now disbursed almost RM4bn, approximately US$980m at 29 September exchange rates, across more than 50,000 financing transactions.

The company says those facilities have supported contracts worth more than RM6bn, approximately US$1.47bn, covering supply, services and project work.

The structure addresses a recurring working-capital problem for smaller suppliers. Companies executing contracts can incur payroll, procurement and operating costs before their customers settle invoices. Bringing buyers, vendors and finance providers into the same workflow can potentially shorten the administrative process between establishing the underlying commercial obligation and releasing finance.

Planworth provides both pre-financing and post-financing products, including supply chain finance, purchase order finance and invoice finance. Its existing invoice-finance product can advance eligible businesses up to 80% of invoice value, although Planworth has not disclosed a standard advance rate specifically for transactions originated through the new digital platform.

The company has about 1,400 active borrowers, with Bumiputera-owned businesses accounting for approximately 75% of the customer base. It is targeting the addition of around 200 MSMEs a year.

Planworth has also allocated RM1bn, approximately US$245m, for financing during 2026. That allocation predates the digital-platform launch and was first announced in April, when the company increased its annual financing programme from RM700m in 2025.

Alongside the platform rollout, Planworth entered partnerships with the Bumiputera Travel and Tour Agents Association Malaysia, the Malaysian Employment Agencies Association and CDC International to broaden financing access across their business networks.

The new platform therefore extends Planworth’s existing financing operation rather than creating a new RM1bn funding pool, with the principal development being the digital connection of buyers, suppliers and finance providers around the working-capital process.