Home News Singapore fintech startup Validus Capital raises US$2.9M to grow SME lending platform

Singapore fintech startup Validus Capital raises US$2.9M to grow SME lending platform

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Validus Capital is an online lending platform that provides insurances to investors

 

Singapore-based fintech startup Validus Capital has raised S$4 million (US$2.9 million) from Vertex Ventures.

It will use the newly-raised round to expand regionally and grow its online lending platform.

Founded in 2015, Validus Capital is an online p2p lending platform that facilitates loans between Singapore SMEs and accredited investors. This includes covering the “contractual process”, organisation of “fund disbursement” and referral to 3rd party debt collection agencies should bad debt cases arise.

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Also Read: Acko offers personalised insurance based on user consumption behaviours; raises US$30M in seed funding

Last year, Validus Capital launched enhanced investor protection features through its partnership with EQ Insurance.

This initiative introduces a rigorous 80-point due diligence and risk assessment process which is conducted on the Singaporean loan applicants. It backed by data from ACRA, Dun & Bradstreet, as well as the Credit Research Institute (CRI).

This, along additional daily credit monitoring report on borrowers, ensures greater transparency and protection for all invoice financing loans.

Image Credit: Validus Capital

The post Singapore fintech startup Validus Capital raises US$2.9M to grow SME lending platform appeared first on e27.

Source: e27

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