- Validus secures $50M financing
- Singapore fintech targets Indonesian SMEs
- Southeast Asian expansion shows strong growth
Small Businesses, Big Dreams
Validus, the Singapore-based digital lending platform, has secured $50 million in debt financing from HSBC under the ASEAN Growth Fund strategy.
This financial boost aims to support the inclusion of micro, small, and medium enterprises (MSMEs) in Indonesia, a country where 64.2 million MSMEs contribute 61% of the GDP but face significant challenges in accessing traditional financing.
Breaking the Mold
Co-founders Vikas Nahata and Nikhilesh Goel have developed a supply chain-focused lending model that leverages non-traditional data through partnerships across Southeast Asia.
Their approach challenges legacy credit evaluation methods, providing stable and accessible working capital to businesses in a region experiencing 5-6% annual GDP growth.
Scaling New Heights
Validus has shown impressive growth, expanding operations to Indonesia, Thailand, and Vietnam.
The company boasts a 69% CAGR in consolidated Group revenues over the past three years, processing an average of $150 million in new loan disbursals monthly.
Looking ahead, Validus aims to achieve cash flow positivity at the group level by early next year, cementing its position as a key player in Southeast Asian fintech.
