Validus secures up to US$50M from HSBC to support Indonesian MSMEs

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The story "Validus secures up to US$50M from HSBC to support Indonesian MSMEs" was covered 12 hours ago by e27, a news publisher based in Singapore.

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e27 Logo e27 12h ago

Validus secures up to US$50M from HSBC to support Indonesian MSMEs - e27

Quick Summary:

Validus, a Singapore-headquartered digital SME lending platform, has partnered with global banking giant HSBC to raise up to US$50 million in debt facility.

The capital will be deployed through Validus’s Indonesian subsidiary, Batumbu, to support local MSMEs and address the country’s financing gap.

Since 2021, Validus claims to have quintupled its total funds disbursed, reaching S$5.17 billion.