Validus, a leading Singapore-based fintech platform, has raised $50 million in debt financing from HSBC through its ASEAN Growth Fund. The funds will be channeled to Batumbu, Validus’ Indonesian subsidiary, to enhance access to financial services for micro, small, and medium-sized enterprises (MSMEs) in the region.
This move is part of Validus' broader strategy to drive financial inclusion, address financing gaps, and stimulate economic growth in Southeast Asia by leveraging digital lending solutions.
