Validus secures $10m debt funding from Lendable

By Gloria Methri

Lendable has announced a $10 million debt investment in Validus, an SME lending platform with operations in Indonesia, Singapore, Thailand, and Vietnam. Validus drives SME financial inclusion across Southeast Asia by leveraging proprietary data to provide supply-chain financing to under-served SMEs.

Lendable said its investment in Validus aligns with the company’s mission of supporting financial inclusion in emerging markets through innovative financial solutions.

Hani Ibrahim, Chief Investment Officer at Lendable, said on the investment, “Lendable is proud to partner with Validus and support their mission-aligned objective of serving underserved SMEs in Southeast Asia. We have been impressed by the quality of the team, focused business model and strong credit underwriting track record serving the SME sector in the region.”

Milena Naitoh, Group Head of Corporate Development & Capital Markets, further emphasized the significance of this milestone, “Validus’ partnership with Lendable will support our next stage of growth in the region, as we strive to bridge the SME financing gap in Southeast Asia through the usage of alternate data and proprietary technology. Lendable’s strong spirit of collaboration and alignment in their commitment to our vision will be invaluable as we continue to expand our reach in the region.”

Validus is an all-in-one SME financing platform in Southeast Asia. It drives financial inclusion and prosperity for small businesses by leveraging data and AI to drive growth financing to the under-served SME sector. Validus’ SME-focused, full-suite business finance offering includes loans, business accounts, corporate cards, payments, and expense management.

To date, the company has disbursed more than USD 3 billion in loans to small businesses across Southeast Asia. Founded in 2015 to address the unmet financing needs of SMEs, Validus is headquartered in Singapore and is growing rapidly across its four markets — Indonesia, Singapore, Thailand, and Vietnam.