KUALA LUMPUR, June 24 (Bernama) -- SME Factors Sdn Bhd, which specialises in receivables financing and cashflow solutions for small and medium enterprises (SMEs), has added Takaful mySME plans to its range of products and services.

The addition was made when it was appointed a corporate agent by the lslamic insurance provider, Syarikat Takaful Malaysia Berhad.

The Takaful mySME suite of risk management solutions enables SME entrepreneurs to enjoy the best comprehensive protection plan tailored for their unique business needs while enhancing business productivity and cash flow liquidity.

"We will be cross-selling Takaful mySME plans to our clientele which currently numbers around 800 and is expected to grow to 1,000 by year-end," said Marazizi Omar, Deputy President and Chief Operating Officer of SME Factors, in a statement today.

He said Takaful mySME provides added value to clients and help address risk management issues that are plaguing the SME community and adversely affecting their credit worthiness.

Takaful mySME plans are specially targeted at SMEs alongside its existing cashflow solutions products and services.

SME Factors expanded nationwide when it launched its products and services to Sabah and Sarawak last month.

-- BERNAMA