Validus, a major fintech platform that supports small and medium businesses (SMEs), has raised US$30 million in its Series D funding round. The round was led by Khazanah Nasional, Malaysia’s sovereign wealth fund, showing strong confidence in Validus’s plans and growth.
The new investment will help Validus grow faster and strengthen its operations in its main markets — Indonesia and Thailand.
The $30 million investment is the biggest amount Validus has ever received from a single investor. The company says Khazanah Nasional’s lead role in this round shows that major institutions are increasingly interested in Southeast Asia’s fast-growing fintech sector. This partnership is expected to greatly boost Validus’s strength and reach in the region.
A large part of the new funding will be used to upgrade Validus’s technology, especially to automate its supply-chain financing platform. This will help the company operate more efficiently and serve businesses better.
The money will also be used to hire more staff and support the company’s efforts to raise additional debt to grow its loan portfolio. This will help support a strong financing pipeline of $300 million from institutional investors.
Nikhilesh Goel, the co-founder and CEO of Validus, said that this new partnership will greatly help the company move forward with its mission. He explained that Validus aims to improve financial access and support the economic growth of small and medium businesses across Southeast Asia. This investment will strongly boost their long-term goals.
Validus has built a solid reputation in SME lending. The Singapore-based fintech company, started in 2015, has already provided more than $5 billion in loans to businesses across the region.
This strong track record shows that Validus’s business model works well and has made a real difference for the SME community.
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