Validus secures funds to fuel Vietnam SME growth

Singaporean fintech firm Validus is ramping up its efforts to support small and medium-sized enterprises (SMEs) in Vietnam after securing a new investment from Japanese firm Reazon Holdings. The amount of the investment remains undisclosed.

Validus leverages data analytics, AI, and supply-chain partnerships to address the financing gap faced by SMEs in Southeast Asia. The company entered the Vietnamese market in 2019 and has seen promising growth potential.

"Reazon Holdings is impressed by Validus Vietnam's high market potential and is committed to actively supporting their business expansion," said a spokesperson for Reazon Holdings. "We plan to leverage our network to help Validus secure additional financing and achieve their goals."

This investment follows a US$20 million injection from 01Fintech in December 2023, bringing Validus' total funding to around US$90 million since its inception in 2015. Despite generating US$10.1 million in revenue in 2022, the company remains focused on growth and expects profitability in the near future.

Validus currently operates in Vietnam, Singapore, Indonesia, and Thailand, and this latest investment underscores their commitment to empowering SMEs across the region.