Validus Raises US$10 Million in Debt Funding from Lendableby Fintech News Singapore January 16, 2024
Southeast Asian SME financing platform Validus has secured US$10 million in debt financing from debt finance provider Lendable.
According to Lendable, the investment was made as it “recognises Validus’s potential in fulfilling the region’s SME financing needs through its innovative approach”.
This latest announcement comes on the heels of Validus’ recent S$20 million investment from growth-stage private equity firm 01Fintech.
Operating in Indonesia, Singapore, Thailand, and Vietnam, Validus utilises proprietary data and AI to provide financing solutions to underserved SMEs.
Hani Ibrahim, Chief Investment Officer at Lendable said,
“Lendable is proud to partner with Validus and support their mission-aligned objective of serving underserved SMEs in Southeast Asia.
We have been impressed by the quality of the team, focused business model and strong credit underwriting track record serving the SME sector in the region”.
Milena Naitoh, Group Head of Corporate Development & Capital Markets at Validus said,
“Validus’ partnership with Lendable will support our next stage of growth in the region, as we strive to bridge the SME financing gap in Southeast Asia through the usage of alternate data and proprietary technology.
Lendable’s strong spirit of collaboration and alignment in their commitment to our vision will be invaluable as we continue to expand our reach in the region.”