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Southeast Asian lending platform Validus raises $20m for its Series B+ round

Singapore based SME lending platform raised $20m in a Series B extension round co-led by Vertex Growth fund and Kuok Group’s Orion Fund

“Through working closely with corporate partners and investors on the platform, we also aim to support SMEs who are pivoting their businesses to adapt to services and products that are required in this time,” Goel said. “In the last month, we have disbursed multiple such loans averaging $250,000 to $500,000, to support SMEs’ efforts in meeting the demand for face masks and other protective gear in short supply.”

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asia, sme lending