Validus secured $50 million in debt financing to support micro, small, and medium enterprises (MSMEs) in Indonesia. The funding, provided by HSBC, targets challenges faced by MSMEs, which account for approximately 61% of Indonesia's GDP and employ nearly 97% of the workforce. Many MSMEs lack access to the online ecosystem and face strict financing requirements from commercial banks, with only about 20% receiving bank loans. Founded in 2015, Validus operates a supply chain-focused lending model and collaborates with traditional banks for access to non-traditional data. The company has expanded into several Southeast Asian nations, including Indonesia, Thailand, and Vietnam. Validus disburses an average of $150 million in loans monthly and has seen revenues grow at a 69% compound annual growth rate. Its Indonesia branch is the largest and has achieved net profit positivity since 2022. Validus employs over 300 people and has raised a total of $75 million in equity funding.
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