Southeast Asian SME financing platform Validus announced that it had named Vineet Agarwal as CEO of Validus Capital in Singapore, effective 1 August 2023. He succeeds Jayanta Roy who is retiring.
Vineet Agarwal
Vineet joined Validus in January 2022, where he led the digital financial services and payments strategy, product development and go-to-market plans for the roll-out of the company’s full-suite SME financial services offering.
This includes business accounts, corporate cards, local and cross-border payments, and expense management solutions, in addition to its existing SME loan products.
Prior to joining Validus in 2022, Vineet held various senior leadership roles at DBS and American Express from 2008 to 2021.
Since its establishment in 2015, Validus has disbursed over US$2.8 billion in loans to small businesses in Singapore, Indonesia, Vietnam, and Thailand. The company reported that it had grown its loan book year-on-year by 80% in 2022 compared to the previous year.
Nikhilesh Goel
Nikhilesh Goel, Co-founder and Group CEO of Validus said,
“With Vineet at the helm as the new CEO for Validus Capital Singapore, Validus is well-placed to enter the next stage of growth with an innovative approach fueled by strategic partnerships, embedded finance, alternative data, and AI-driven data analytics, and further cement our market leading position in Singapore.
We would also like to take the opportunity to extend our sincere appreciation and gratitude to Jayanta, who has been an integral part of our success in the past six years, and we wish him fulfillment and success in his future endeavours.”
