Singapore-based lending platform Validus secures USD 20 mln investment

Tuesday 12 May 2020 12:57 CET | News

The Singapore-based Peer-to-Peer (P2P) lending platform Validus has raised USD 20 million to help finance Small- to medium-sized businesses (SMBs).

This brings Validus’ total raised to about USD 40 million since it was founded in 2015, including a USD 15.2 million Series B round announced in 2019. SMBs are important parts of Southeast Asia’s economy, but many have trouble securing growth capital from traditional financial institutions. Validus wants to fix the financing gap with its P2P lending platform, which connects accredited lenders with SMBs. 

Validus focuses on corporate vendor financing for SMBs whose end-buyers are large corporations or government-linked entities. Validus also plans to provide financing to SMBs that are on the frontlines in the battle against COVID-19, including working capital for SMBs in the healthcare and pharmaceutical industries, and logistics and cleaning services.

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Keywords: Validus, Singapore, Southeast Asia, investment, P2P lending platform, peer to peer, SMB, small to medium business, growth capital, Series B, financing gap, accredited lenders, corporate vendor financing, COVID-19, working capital
Categories: Banking & Fintech
Countries: South East Asia
This article is part of category

Banking & Fintech