Singapore’s Validus secures up to $50M facility from HSBC to strengthen digital lending for MSMEs in Indonesia

Validus, a digital small and medium-sized enterprise (SME) lending platform headquartered in Singapore, has on Monday announced the establishment of a debt facility of up to $50 million from HSBC under the ASEAN Growth Fund strategy. The funding is aimed to support financial inclusion for micro, small and medium enterprises (MSMEs) in Indonesia, addressing their challenges in accessing financial resources.