Top 10 Factoring Companies in Malaysia 2023 – Rankings and Reviews

Factoring companies in MalaysiaFactoring companies in Malaysia

Factoring companies in Malaysia

1.Ikhtiar Factoring Sdn. Bhd.

Ikhtiar Factoring Sdn Bhd (IFSB) was incorporated on 13 March 2000 to carry out the business of domestic, export and import factoring and equipment leasing. Bank Negara Malaysia (BNM) classified us as a Non-Bank Financial Institution (NBFI); and on 27 April 2000, approved us to operate as a scheduled institution under Section 21(1) of the Banking and Financial Institutions Act (BAFIA) 1989. BAFIA has since been repealed and replaced with the Financial Services Act 2013.

Since then, we have been dedicated to various companies’ financial needs when they are awarded government and GLCs procurement contracts. Companies who have partnered with us include Petroliam Nasional Berhad (Petronas), Tenaga Nasional Bhd, Telekom Malaysia and etc. 

Services

Factoring-i

Letter of Credit-i

Performance Guarantee

Letter of Support

Contact no: +60 3-4024 6200

Address:Pekeliling Business Centre, 11, Jalan 5/65c, Wilayah Persekutuan, 53000 Kuala Lumpur, Malaysia

Website:https://ikhtiarfactoring.com/

2.IFS Capital (Malaysia) Sdn Bhd

IFS Capital (Malaysia) Sdn Bhd (“IFSM”) was incorporated as a subsidiary of IFS Capital Limited (“IFS”)

IFS is an established financial institution offering a broad range of financial services including factoring, loans, mezzanine financing, private equity investments, credit insurance, bonds and guarantees. Incorporated in Singapore in 1987, IFS listed on the Main board of the Singapore Stock Exchange in July 1993. IFS has offices in Singapore, Thailand, Malaysia, and Indonesia.

We provide Financial Solutions to your business needs especially to the SMEs, Contractors & suppliers depending on your needs and capacity, we have a wide range of Financing Solutions to help your business grow.

Services

Letter of Credit

Domestic Factoring

Industrial Hire Purchase Facility

Term Loan

Performance Bank Guarantee

Contact no:  +60 3-2161 7080

Address:2nd Floor, Menara Atlan, 161, Jalan Ampang, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

Website:https://www.ifscapital.com.my/

3.Planworth Global Factoring Sdn Bhd

PLANWORTH strives to look beyond the expectations and goals to stay ahead by integrating both excellent funding solutions and commitment in building partnerships.

In 1998, the group through Grand Columbia Limited successfully acquired MBF Finance (PNG) Limited. MBF Finance (PNG) Limited is a licensed financial institution under the supervision of the Bank of Papua New Guinea and was previously owned by MBF Finance in Malaysia, which at that time was one of the Asia largest licensed Deposit taking financial institutions. Since acquisitions, to reflect the vision of the new shareholder, it became Finance Corporation Limited or widely known as FinCorp.

FinCorp has branches in all major locations throughout the country that offers a range of banking products and services, such as personal loans, business loans, term loans, cash management and insurance. Having developed from strength to strength, Fincorp is now a leading licensed financial institution in Papua New Guinea. FinCorp website is www.fincorp.com.pg

Contact no:  +60 16-216 2743

Address: Suite B-11-2, Megan Avenue 1, No, 189, Jln Tun Razak, 50400 Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

Website:https://www.planworthfinance.com/

4.Hidayah Factors Sdn Bhd

HIDAYAH FACTORS SDN BHD (HFSB) mission is to assist our clients by providing an affordable financing tool and delivering quality professional services to meet the challenges of a robust and demanding economy. Inline with this mission, HIDAYAH FACTORS SDN BHD vision is to be recognized as a reputable factoring house by offering customized services.

Contact no: +60 3-8322 8848

Address:No. 3A-2, Blok J, Jalan GC 11, Glomac Cyberjaya, Cyber 4, 63000 Cyberjaya, Selangor, Malaysia

Website:http://www.hidayahfactors.com/

5.Optimai (Malaysia) Sdn Bhd

Optimai started off by building turnkey financial systems for financial institutions.  Through working closely with our customers, we developed strong domain knowledge and gained in-depth understanding of our customers’ business and technical requirements. Over the years, we have successfully implemented enterprise systems ranging from back office to regulatory reporting to enterprise data warehouse systems.  Through a combination of keen understanding of our customers’ business, a devotion to deliver quality systems and commitment to responsive customer service and support, Optimai has turned many customers into friends and supporters who are willing to act as references and refer new business.  

Services

P R I M E‍  Consultancy & System Implementation

Enterprise Data Warehouse Implementation

Rapid Custom Application Implementation

System Integration

Contact no: : +60 16-299 1410

Address:19, 13, 231, Jln Tun Razak, Imbi, 55100 Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

Website:http://www.optimai.com/

6.Credit Guarantee Corporation Malaysia Berhad

Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972. It is 78.65% owned by Bank Negara Malaysia and 21.35% by the commercial banks in Malaysia. CGC aims to assist Micro, Small and Medium-Sized Enterprises (MSMEs) with inadequate or without collateral and track record to obtain credit facilities from financial institutions by providing guarantee cover on such facilities. CGC has availed over 470,000 guarantees and financing to MSMEs valued over RM75 billion since its establishment.

PRODUCT & SERVICES

CONVENTIONAL SCHEMES

ISLAMIC SCHEMES

GOVERNMENT-FUNDED SCHEMES

DIRECT FINANCING

REBATE MECHANISM

CGC DEVELOPMENTAL PROGRAMME™

ONLINE TOOLS

Contact no: +60 6-601 7600

Address:Pusat Dagangan, No. 9, Jalan S2 B15, Seremban 2, 70300 Seremban, Negeri Sembilan, Malaysia

Website:https://www.cgc.com.my/

7.MAA Group Berhad

MAA Group Berhad is a Malaysian investment holding company listed on the Main Board of Bursa Malaysia. Our foothold in the financial services industry includes trade receivable financing or factoring, through our wholly owned subsidiary, Maax Factor Sdn Bhd.

Bhanu Garg: