SME-focused digital lender Validus lands $50m debt facility from HSBC
Validus, a digital lending platform headquartered in Singapore, has secured a debt facility of up to $50 million from HSBC under the ASEAN Growth Fund strategy to help provide access to financing for micro, small and medium-sized enterprises (MSMEs) in Indonesia.
Validus bags $50 million debt facility
Founded in 2015, Validus claims to be the largest SME lending marketplace in Southeast Asia, with a strong presence across Indonesia, Vietnam, and Thailand.
The firm aims to drive financial inclusion for small businesses by “offering more accessible financing options”. It claims to have increased its total funds disbursed to nearly $4 billion since 2021.
Validus says the debt facility will be “purposed for supporting Indonesian MSMEs in overcoming financial barriers and enhancing their role in driving the country’s economic development, while also addressing the financing gap in Indonesia”.
The facility will be deployed through Batumbu, Validus’ Indonesian subsidiary, which the company says is the largest digital SME financing platform in Indonesia.
Validus’ new debt facility builds on the undisclosed investment the company secured from Japanese IT firm Reazon Holdings in February to support the expansion of its Vietnamese arm.
The lender is backed by a range of strategic investors and VCs, including Vertex Growth, FMO, 01Fintech, Openspace Ventures, and others.
