- Singapore fintech Validus secured funding from Japan’s Reazon Holdings.
- It will expand lending to creditworthy Vietnamese SMEs.
- Reazon offers local partnership to support Validus’s growth in Vietnam.
Singapore-based fintech startup Validus has raised an undisclosed investment from Japanese firm Reazon Holdings.
The funding comes as Validus rapidly grows its data-driven small business lending operations in Vietnam since entering the market in 2019.
Collaboration in Vietnam’s fintech scene
Reazon cited Validus’ high potential in Vietnam and aims to support the fintech firm’s local expansion actively. This includes tapping into Reazon’s networks to source capital for Validus’s lending pools.
The investment follows a separate $20 million cash injection Validus secured in December from Chinese private equity firm 01Fintech.
Boosting SME Financing in Southeast Asia
By leveraging alternative data and analytics, Validus provides financing to creditworthy but underbanked SMEs across Southeast Asia.
The company operates in Singapore, Indonesia, Thailand, and Vietnam. Reazon’s backing suggests confidence that Validus can scale its digital finance solutions to narrow the substantial SME financing gap in Vietnam specifically.
Validus has raised approximately $90 million to date as it banks on rising demand for alternative SME lending options and its ability to score risk based on real business performance accurately.
Reazon’s targeted Vietnam domain knowledge further strengthens Validus’s prospects in one of the region’s most promising markets.
