As we close out another year, we’re filled with gratitude for the many small and big wins in spite of yet another challenging year for the global economy. Take a trip with us down memory lane for our top highlights this year! 👉
Our growth momentum continued to accelerate:
🚀 We acquired the CitiBusiness loan portfolio in Singapore
🚀 We launched Validus Business Account, which comes with corporate cards, spend management, FX and much more, to round out a full-suite business finance offering for SMEs in Singapore
🚀 Batumbu, our company in Indonesia, turned profitable, making us the first SME crowdfunding platform to achieve this in the market to date!
🚀 We achieved a significant milestone of USD 2 billion in loans disbursed across the region!
🚀 Our monthly loan volumes have grown by over 5x in the last 24 months. We have a clear path to profitability, and we’re on track to breakeven by 2024, with individual markets progressively achieving this milestone.
Our unwavering dedication to our mission of financial inclusion and value creation for SMEs is driving results:
🚀 We launched strategic partnerships with TTC Group and Haravan in Vietnam, and with support from International Finance Corporation (IFC) too, we’re enabling MSMEs in Vietnam to access faster and simpler digital financing solutions
🚀 We established a landmark USD 100 million securitisation facility with Citi to drive SME financing
🚀 Our first-in-industry automated working capital product earned us the 1st runner-up award at SFF Global FinTech Awards (Singapore FinTech – Singapore Founder)
🚀 We completed a successful Series C1 fundraise, with participation from new and existing investors – signaling continued confidence in the company’s growth
Thank you to all of you, our valued community, for helping us make this happen! We could not have achieved all of these without the support from you – our partners, investors, customers, and the amazing Validus team.
Here’s to another wonderful 2023 ahead, as we continue to make strides for better SME finance!