Validus
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…
Validus appoints Chong Khai Siang as group Chief Financial Officer
Validus, a Singapore-based one-stop small and medium-sized enterprise (SME) financing platform, has on Monday announced the appointment of Chong Khai Siang as group Chief Financial Officer (CFO) of Validus.
01Fintech invests $20M in Validus to drive SME financing in the Southeast Asia region
01Fintech, a growth stage private equity firm founded by former Ant-Group executive and specializing in financial technology in Southeast Asia, has on Wednesday announced a significant $20-million investment in Validus, a small-and-medium-enterprises (SME) supply-chain financing platform with operations in Indonesia, Singapore, Thailand and Vietnam.
Validus Capital appoints Vineet Agarwal as new CEO for Singapore
Validus, a Singapore-based small and medium-sized enterprise (SME) business account and financing platform, has on Monday announced the appointment of Vineet Agarwal as the Chief Executive Officer (CEO) of Validus Capital in Singapore, effective August 1, 2023.
Validus secures first tranche in Series C-1 round from major East Asian strategic investors
Validus, the Singapore-based financing platform, has on Friday announced that it has secured its first tranche of funds in a Series C-1 round with new, key strategic investors NongHyup Financial Group, NorinChukin Bank, Aizawa Asset Management and Lotte F&L Singapore.
Validus and Citi establish $100M facility to drive SME financing
Singapore FinTech firm Validus and global bank Citibank N.A. (Citi) announced Tuesday the establishment of a $100 million securitisation facility, collateralised by small and medium-sized enterprise (SME) loans originated by Validus in Singapore.
Singapore FinTech firm Validus acquires CitiBusiness loan portfolio in Singapore
Validus has entered into an agreement with Citi to acquire its CitiBusiness loan portfolio in Singapore, in a move that will bolster Validus’ top line revenue, customer base, and expand its growing loan book. This is the first time a FinTech in Southeast Asia is acquiring an established bank’s loan portfolio and customer base, and it underscores Validus’…
Validus, TTC Group and Do Ventures form joint venture to expand access to credit for SMEs in Vietnam
Validus Vietnam, the Vietnam entity of Singapore-based small and medium enterprises (SME) growth financing platform Validus, TTC Group, a multi-industry conglomerate in Vietnam and Indochina, and Do Ventures, an early-stage venture investment fund in Vietnam announced Friday a joint venture (JV) to drive financial inclusion and empower the growth of…
Validus acquires KlearCard’s business payments and expense management platform to bolster its upcoming SME Neobank offering
The acquisition of the KlearCard platform, an established player with a proven product-market fit in the region, will pave the way for Validus to accelerate its build-out of Southeast Asia’s first credit-led SME-focused Neobank, which will provide SMEs with a best-in-class experience through a fully integrated and holistic suite of financial tools and…
SME lending FinTech Validus reports breaching the billion-dollar (SGD) lending mark
The platform connects growing SMEs to accredited and institutional investors for fast, secure, collateral-free financing. Its differentiator lies in its strong origination channels, which involve partnership-led strategy and bank channels. It counts large corporations and government-linked companies such as ST Engineering, YTL PowerSeraya, and Siemens as…
