SG-based Validus arm Batumbu secures digital lending licence in Indonesia

SG-based Validus arm Batumbu secures digital lending licence in Indonesia

From left to right: Florensia Chief of Finance & Operation Officer; Jenny Wiriyanto CEO; Kemal Alamsyah Risk & Compliance Director; Reza Perazi Armadi Chief of Business; Meliana Wong Chief of Customer Journey Officer

Batumbu, the Indonesian arm of Singapore-based SME financing platform Validus, has received regulatory approval from the Financial Services Authority (OJK) to operate as a licensed digital lending platform.

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