Validus Gets $50M to Boost Indonesian SMEs.
Validus, a digital lending platform based in Singapore, has secured $50 million in debt financing from HSBC under the ASEAN Growth Fund strategy. This funding will support the financial inclusion of micro, small, and medium enterprises (MSMEs) in Indonesia, addressing challenges in accessing financial resources.
Key Points:
- Funding Amount: $50 million
- Source: HSBC, ASEAN Growth Fund
- Purpose: Enhance financial inclusion for Indonesian MSMEs
- Statistics: Indonesia has 64.2 million MSMEs contributing 61% of GDP, but only 20% of bank loans go to these businesses.
- Company Background: Co-founded in 2015 by Vikas Nahata and Nikhilesh Goel, Validus operates in Indonesia, Thailand, and Vietnam.
- Growth: Validus has a 69% CAGR over the past three years, with positive net profits in Indonesia since 2022 and a target to be cash flow positive by early next year.
- Differentiator: Over 100 partnerships across Southeast Asia and a monthly loan disbursal average of $150 million.
- Digital Lending Platform
- SME Financing
- Financial Inclusion
- Debt Financing
- ASEAN Growth Fund
- Indonesia MSMEs
- Southeast Asia Market
- Startup Investment.
Share News with us via WhatsApp: 08163658925 or Email: naijaeyes1@gmail.com
Join Our Social Media Channels:
WhatsApp: NaijaEyes
Facebook: NaijaEyes
Twitter: NaijaEyes
Instagram: NaijaEyes
TikTok: NaijaEyes
