Need cash? Check out Validus, a Singapore-based digital lending platform SMEs! They’ve just gotten $50M in debt financing from HSBC under the ASEAN Growth Fund strategy.

• They last raised funding early this year, focused on their Vietnam subsidiary.
• They’re active in four markets.
• They average $150M in new loan disbursals per month.

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💡 What’s the problem?

64.2M MSMEs contributing 61% of Indonesia’s GDP, according to Indonesia’s Ministry for Economic Affairs.

• That’s 97% of the workforce. These MSMEs employ about 119.6M people.

But, only about 17.5M MSME players are tapping into the online ecosystem and e-commerce.

• They’re also struggling to access financing, mainly due to commercial banks’ tough operational, reporting, and collateral requirements

• A World Bank Report from 2017 shares that only around 20% of bank loans go to MSMEs.

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🤔 What’s the biz?

Founded in 2015, they offer working capital and SME loan solutions for businesses.

• Through their platform, you can also open a business account and manage your team’s budget.
• They also let you issue corporate cards and facilitate payment transfers to your suppliers, customers, and employees.

Their lending model is supply-chain focused and uses non-traditional data through partnerships with traditional banks and international institutions.

• Their lenders include international institutions and leading local banks like Citi, HSBC, FMO, Credit Saison, CIMB Niaga, and Bank Mandiri.

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🔜 Talking about the future

They’ll keep supporting the financial inclusion of MSMEs in Indonesia, so they can access financial resources.