As published on Tech in Asia:
Validus’ Indonesian subsidiary Batumbu has received regulatory approval from the Indonesian Financial Services Authority (OJK) to operate as a licensed digital financing platform.
We’re excited to announce our joint venture with TTC GROUP, an established multi-industry conglomerate in Vietnam and Indochina, and Do Ventures, a leading early-stage venture investment fund in Vietnam.
The joint venture will expand SMEs’ access to credit via a digital marketplace lending platform, and reinforces the commitment of all parties towards driving financial inclusion for underserved SMEs.
“As Validus Vietnam scales to the next phase of growth, this JV reaffirms our mission to drive financial inclusion and increase SMEs’ access to affordable credit. Using our proven proprietary data-driven approach and credit-scoring models, we will leverage synergies to expand credit access, alleviate liquidity challenges and bring value to SMEs in all parts of the supply chain.” - Nikhilesh Goel, Co-founder and Group CEO, Validus
validus.sg/2022/01/validus-forms-joint-venture-in-vietnam/
Validus Việt Nam
#jointventure #smes #smefinancing #validusvietnam #ttcgroup #doventures