Check out Validus. This startup helps SMEs in Southeast Asia get access to finance. Now, they've just raised the first tranche of their Series C-1 round!

• They've already disbursed over $2B in loans across SEA and are already profitable in Indonesia.
• They're active in Singapore, Indonesia, Thailand and Vietnam.
• They're on track to achieve overall profitability by 2024.

Investor check. NongHyup Financial Group, NorinChukin Bank, Aizawa Asset Management, Lotte F&L Singapore, as well as existing investors Vertex Southeast Asia & India, Vertex Growth Fund, FMO and VinaCapital Ventures joined in!

• Their last round was a $20M Series B+.

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⏮ Started from the bottom

Founded in 2015, Validus started a platform to help SMEs that need financing get loans from accredited investors.

Three types of loans. SMEs can get working capital loans to fund growth opportunities, use invoice financing to receive payments for invoices earlier and access purchase order financing to get cash to fulfill a client's order.

• They use data and AI to measure risk and approve loans as fast as a day.

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❗️ Now we're here

They've gone beyond loans and also have solutions for SMEs to manage their businesses, spend money and transfer money.

• Launched in August, they expect to onboard over 1,000 customers and process over $30M SGD ($22M) in monthly transaction volume by the end of the year.

They've launched an all-in-one business account for SMEs and startups in Singapore — and it has no fees and zero minimum balances.

Monitor and control your budgets in real-time, earn cashback, make bulk transfers, issue corporate cards, transfer money locally or internationally and even process payroll! Plus, you'll get access to financing too.

• This allows businesses to be more productive while saving time and money.