Singapore's financing platform Validus Capital deploys $73m for SME funding

Ajit Raikar, Co-Founder & CEO, Validus Capital

Singapore-based online financing platform Validus Capital has deployed over S$100 million ($73.44 million) for small and medium enterprises (SMEs) funding in the city-state on its platform, it said in an announcement Wednesday.

Established in 2015, Monetary Authority of Singapore-licensed Validus has financed more than 1,400 loans with approvals given out in under 24 hours. It focuses on providing peer-to-peer financing to reduce financial intermediation costs and hasten the access to capital for business expansion.

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