Southeast Asian lending platform Validus raises $20 million for its Series B+ round

Southeast Asian lending platform Validus raises $20 million for its Series B+ round

Small- to medium-sized organisations are one of the most vital parts of Southeast Asia’s economy, however many have problem securing growth capital from conventional financial institutions. Validus wants to fix the financing space with its peer-to-peer loaning platform, which connects certified loan providers with SMEs. The Singapore-based startup revealed today that it has actually raised $20 million […] After getting its capital markets services license from the Monetary Authority of Singapore in December 2017, Validus introduced services in Indonesia and Vietnam and says it has lent over $315 million to companies so far.”Through working closely with corporate partners and financiers on the platform, we likewise intend to support SMEs who are pivoting their services to adjust to services and products that are needed in this time,” Goel stated. In a press statement, MX Kuok of K3 Ventures said, “We are extremely impressed by the leadership and depth of credit management experience at Validus. Validus desires to repair the financing space with its peer-to-peer lending platform, which links recognized lenders with SMEs….