Validus Secures US$30 Million Series D Investment led by Khazanah Nasional

“The fresh funding will accelerate the enhancement of Validus’ integrated financing platforms in Indonesia and Thailand.” 

Validus, Southeast Asia’s #1 digital supply chain financing platform, announced a USD$30 million investment in its Series D funding roundled by Khazanah Nasional, Malaysia’s sovereign wealth fund. The investment will fuel Validus’ strategic growth in its core markets Indonesia and Thailand, following the divestment of its Singapore business to Grab’s digital bank, GXS, in April of this year.

Founded in 2015, Validus is a pioneer in the alternate lending ecosystem in ASEAN with a proven track record of almost a decade bringing best in class practices to support SMEs in ASEAN. As the largest fintech supply chain financing player in Southeast Asia, having disbursed over US$5 billion in loans to small and medium enterprises (SMEs) to date, Validus has built the first full stack vertically integrated lending ecosystem which encompasses an anchor-led supply chain financing model, proprietary data driven credit analytics, marketplace framework for institutional participation and sophisticated private credit structuring solutions.

The platform is trusted by regional and international banks, as well as major corporate anchor partners in Indonesia and Thailand, markets that collectively represent an immense US$46 billion supply chain financing opportunity in a landscape lacking established and credible fintech incumbents. Its focused approach to SME financing and institutional capital has allowed it to surpass the scale of other regional peers.

Validus’ differentiated model is underpinned by a robust ecosystem-driven supply chain financing model, proprietary credit underwriting algorithms backed by extensive alternative data sources, and unique end-use control mechanisms. Its highly experienced management team has made Validus the region’s most trusted partner for SME lending, where its Indonesia businesshas been profitable for the last 3 consecutive years.

The fresh funds will be used to scale up Validus’s business operations where it has projected to double its loan books over the next three years across Indonesia and Thailand as it continues to consolidate its market-leading positions in these two countries where the untapped addressable markets remain huge.

Avendus Capital acted as the exclusive financial advisor to Validus on this transaction.

Nikhilesh Goel, Co-Founder & Group CEO of Validus said, “We are thrilled to partner with Khazanah. Their disciplined, long-term investment approach and deep expertise in the financial services sector make them an ideal partner for us as we deepen our capabilities to provide impactful financing solutions to SMEs in the region. This partnership will significantly advance our mission to drive financial inclusion and economic prosperity across Southeast Asia.”

About Validus Group
Validus is a pioneer in the alternate lending ecosystem in ASEAN with a proven track record of almost a decade bringing best in class practices to support SMEs in ASEAN. As the largest fintech supply chain financing player in Southeast Asia, having disbursed over US$5 billion in loans to small and medium enterprises (SMEs) to date, Validus has built the first full stack vertically integrated lending ecosystem which encompasses an anchor-led supply chain financing model, proprietary data driven credit analytics, marketplace framework for institutional participation and sophisticated private credit structuring solutions. Validus holds regulatory licenses in Indonesia (OJK) and Thailand (SEC and BOT). Its marquee investor base includes sovereign wealth funds, top tier banks, PE / VC funds, DFIs, and strategic FIs across Asia. For more information, please visit www.validusgrp.com.