Japanese information technology firm Reazon Holdings has announced the successful closing of its investment in VGrowth Development Co. Ltd. (Validus Vietnam), which is the Vietnamese subsidiary of Validus Investment Holdings Pte. Ltd. (Validus Group).

Reazon said in a statement on Monday that through this investment, Reazon will actively support Validus Vietnam’s business growth, including support for financing procurement through its group network.

According to the statement, Reazon has decided to invest in Validus Vietnam based on their evaluation of the high market potential for SME finance in Vietnam and Validus Vietnam’s future potential, backed by its operations and lending track records in other SEA countries.

Validus Group is the leading all-in-one financing platform for small and medium-sized enterprises (SMEs) in the Southeast Asia (SEA) region, with operations across Indonesia, Singapore, Thailand, and Vietnam.

Traditionally, SMEs in the SEA region remain underserved as they face high hurdles in obtaining financing solutions from traditional financial institutions due to strict collateral requirements and complex screening processes.

Validus Group leverages data analytics, artificial intelligence (AI) technology, and strategic supply-chain partnerships to provide a one-stop financial solution for underserved SMEs, promoting financial inclusion and prosperity for these growing businesses in the SEA region.

Validus Vietnam is the Vietnam-based arm of Validus Group, and is responsible for the growth and development of the Vietnam SME platform business.

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