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Validus Capital launches financing platform in Vietnam

Validus VietnamSingapore-based financing platform Validus Capital has launched Validus Vietnam. This is the company’s third venture in the Southeast Asian market after launching in Singapore in 2015, and Indonesia, where it launched its Indonesian arm Batumbu in May 2019.

Validus Vietnam is aiming to plug the unmet US$21 billion SME financing gap in the country. It will partner with corporates to meet the financing needs of SMEs in burgeoning industries, including manufacturing, real estate, construction, healthcare, consumer services, retail and wholesale trade.

“Helping our SMEs to grow will be crucial for Vietnam’s continued rise as a Southeast Asian economy,” said Tran Thi Thuy Ha, the chief business officer of Validus Vietnam.

Validus Vietnam will operate using the same proprietary technology and credit scoring systems currently used in Singapore and Indonesia to provide Vietnam’s SMEs access to fast, reliable and affordable sources of growth financing. Built on the same validated processes, technology and robust credit algorithms, Validus Vietnam’s platform will be further adapted and tailored to cater to the unique needs of SMEs in the country, it said in a statement.

The new office will be led by Validus co-founder Nikhilesh Goel, who has over 14 years of experience in debt and equity financing, portfolio management and value creation for SMEs in Vietnam and across Southeast Asia, according to media reports. He will be joined by COO Amrit Kapoor and chief business officer Tran Thi Thuy Ha, who brings two decades of business and financing experience to the firm.

Validus is backed by Netherlands development bank FMO and Temasek Holdings’ Vertex Ventures and Vietnam’s leading investment management and real estate development firms, VinaCapital.

Earlier this week, there were reports that Validus was in talks with OCBC Bank to form a digital banking consortium, along with Keppel Corporation and Vertex Ventures.

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