Siam Validus has officially joined the National Credit Bureau (NCB), becoming the first crowdfunding platform in Thailand to secure membership.
This gives it real-time access to credit data with borrower consent and enables it to responsibly report SME repayment records back into the system.
The move is expected to cut loan approval times from two weeks to near-instant and improve transparency for small businesses across the country.
Siam Validus is a joint venture between Validus Group, Southeast Asia’s largest digital supply chain financing platform with more than US$5 billion in SME loans facilitated, and SCG Distribution Co. Ltd.
The platform provides unsecured lending to SMEs within closed-loop supply chains.
It is in advanced discussions with leading domestic and international financial institutions to raise additional funds for deployment through transaction-backed supply chain ecosystems.
Siam Validus said it will also continue exploring partnerships with large corporations to provide financing to their suppliers and buyers, aiming to ease account receivables and payables pressures and improve access to unsecured funding.
Anand Periwal, CEO of Siam Validus, said,
“By joining the NCB, and as the only crowdfunding platform in Thailand to do so, we are not only accelerating loan approvals through faster access to credit data but also ensuring that SMEs’ positive repayment histories are recorded to unlock larger opportunities in the future.
Our commitment remains clear: to empower Thai SMEs with innovative, digital-first financing solutions that help them grow, thrive, and strengthen the economy.”
Dr. Luxmon Attapich, CEO of NCB, said,
“We welcome Siam Validus as a new member of the National Credit Bureau. Their strong market presence, digital-first supply chain approach for large corporates, and deep commitment to Thailand make them a valuable addition to our ecosystem.
NCB looks forward to supporting Siam Validus in promoting transparency, responsible lending, and inclusive growth for Thai SMEs.”
Featured image: Siam Validus Managing Director & CEO Anand Periwal receiving National Credit Bureau (NCB) Membership License from NCB CEO Dr. Luxmon Attapich
