Validus
Validus is a Singapore-based digital lending platform providing supply chain and invoice financing to underserved SMEs across Southeast Asia via proprietary credit algorithms and market-specific entities in Indonesia, Thailand, Vietnam, and Singapore.
- Company typePrivate
- Founded2015
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Validus does
Validus is a Singapore-headquartered digital lending platform founded in 2015 to address the unmet financing needs of small and medium-sized enterprises across Southeast Asia. The company operates four market-specific entities — Batumbu in Indonesia, Siam Validus in Thailand, Validus Vietnam, and GXS Capital in Singapore (subsequently divested to GXS Bank in 2025) — and has disbursed over US$5 billion in loans since inception. Its core product is supply chain and invoice financing for underbanked SMEs, delivered through both direct digital platform access and B2B corporate vendor financing programs with partners such as SCG Distribution and ST Engineering.
The underlying technology is a proprietary credit risk algorithm originally co-developed with the National University of Singapore's Risk Management Institute – Credit Research Initiative in 2016, which enables data-driven underwriting on thin-file borrowers that traditional banks typically reject. Validus has layered adjacent products onto this lending core, including a no-fee all-in-one business account for SMEs (launched in Singapore in 2022) and the acquired Kleacard business payments and expense management platform, positioning the company as an embedded finance provider rather than a pure-play lender.
Validus earns revenue primarily through interest income and transaction-based fees on its SME loan portfolio, supplemented by partner-funded facilities from institutional capital providers. The business is supported by a diversified funding stack spanning equity (Series A through Series D from investors including Vertex Ventures, Khazanah Nasional, FMO, 01Fintech, and East Asian strategics) and debt facilities from HSBC, Citi, FMO, Oikocredit, and Lendable. With 101–250 employees, a 50% revenue increase reported in 2023, and a stated 2024 profitability target, the company is at an inflection point between scaling-stage growth and operating profitability.
Validus firmographics
Firmographics- Name
- Validus
- Legal name
- Validus Investment Holdings Pte Ltd
- Website
- https://validus.sg
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Validus is a Singapore-based digital lending platform providing supply chain and invoice financing to underserved SMEs across Southeast Asia via proprietary credit algorithms and market-specific entities in Indonesia, Thailand, Vietnam, and Singapore.
- Ownership category
- akta.pro rank
Validus industry classification
Industry- Product category
- SME Digital Lending
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Open Account Trade Finance (Receivables/Payables Finance) (FSABAHAB)
Keywords
Where Validus is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices4 records
Markets served
Validus business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- SME Supply Chain Financing: Validus provides supply chain financing to SMEs, earning interest income on loans extended. The platform connects SMEs with capital while providing returns to investors and funding partners.
Go-to-market motion2 records
Distribution channels6 records
Marketing channels3 records
Validus product offering
Product offeringCore offering
Validus is a digital lending platform that provides SME supply chain financing, invoice financing, vendor financing, and integrated business account services to underserved small and medium enterprises across Southeast Asia. The company uses proprietary credit risk algorithms and data-driven underwriting to originate and disburse loans in Indonesia, Singapore, Thailand, and Vietnam through market-specific entities (Batumbu, GXS Capital, Siam Validus, Validus Vietnam).
Product overview
Validus is a digital SME supply chain financing platform headquartered in Singapore, operating across four Southeast Asian markets (Indonesia, Thailand, Vietnam, and Singapore). The platform consists of a core financing platform enhanced by market-specific entities and acquired products: Batumbu (Indonesia operations), Siam Validus (Thailand operations), and Kleacard (business payments and expense management, acquired in 2021). Validus offers invoice financing, business accounts, and digital lending solutions for SMEs, leveraging proprietary credit risk algorithms and data-driven technology to serve under-insured SMEs across the region.
Differentiator
Problem solved
Functional benefit
Brands
- Batumbu: SME financing platform operating in Indonesia
- Siam Validus
- Validus Vietnam
Products and services
- Validus Core SME Financing Platform Digital supply chain financing platform providing invoice financing, vendor financing, and growth financing to underserved SMEs across Southeast Asia, leveraging proprietary credit risk algorithms for underwriting.
- Batumbu (Indonesia) Indonesia-specific SME financing platform operated under Batumbu, registered with Indonesia's Financial Services Authority (OJK) and offering invoice financing and working capital loans to Indonesian SMEs and MSMEs.
- Siam Validus (Thailand)
Quantifiable outcome
- US$5 billion+ total funded across all markets since 2015
- +2 more outcomes
Companies that use Validus
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles2 records
Validus technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability1 record
Feature3 records
Validus partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- TTC GroupcoreValidus formed a joint venture with TTC Group and Do Ventures to expand access to credit for SMEs in Vietnam.
- ST EngineeringminorValidus commenced first corporate vendor financing program with ST Engineering in March 2018.
- GeBIZminorValidus joined GeBIZ as an approved financing partner for government procurement.
- VisaminorValidus partnered with Visa in May 2017 to develop a virtual card-based SME financing solution.
- NUS RMI-CRIcoreValidus developed its first proprietary credit risk algorithm with NUS Risk Management Institute - Credit Research Initiative in August 2016.
Scale indicators11 records
Recent moves10 records
Expansion highlights6 records
Validus competitors and assessment
Company assessmentDirect peers
- Funding Societies: Singapore-headquartered SME P2P / digital lending platform operating across SEA (Singapore, Indonesia, Malaysia, Thailand, Vietnam). Closest direct peer to Validus with near-identical product (invoice financing, working capital) and customer base (underserved SMEs).
- KoinWorks: Indonesia-focused P2P lending platform offering working capital and supply chain financing to SMEs and MSMEs. Directly comparable to Validus's Batumbu business in product, geography and target segment.
- Taralite: Singapore-based fintech providing invoice financing and working capital to SEA SMEs via a digital marketplace. Comparable business model and customer base to Validus.
- Aspire: Singapore-headquartered SMB fintech offering business accounts, expense management and working capital financing across SEA. Directly comparable product set to Validus's financing + Kleacard-anchored business account offering.
- Kredivo: Indonesia-headquartered digital lending platform serving underbanked consumers and SMEs across SEA. Comparable in using proprietary credit decisioning to lend to thin-file SEA borrowers.
Broad incumbents
- Grab Financial Group: Super-app financial services arm of Grab serving SEA consumers and merchants with lending, payments and insurance. Larger incumbent with overlapping SME and merchant financing capabilities across Validus's geographies.
- GoTo Financial: Financial services arm of Indonesia's GoTo ecosystem, offering payments, lending and merchant services. Broad incumbent operating in Validus's core Indonesian SME market with deeper distribution.
Emerging players
- LenddoEFL: Singapore-headquartered alternative credit scoring and digital identity provider focused on emerging markets. Comparable in applying proprietary data/AI underwriting to underbanked SEA borrowers, though positioned more as an enabler than a direct lender.
- Xendit: SEA payment infrastructure provider increasingly moving into SMB lending and embedded finance. Comparable in serving SEA SMBs with digital financial services, though primarily a payments peer adjacent to Validus's lending core.
Regional players
- Akulaku: SEA consumer and SME digital lender/payment platform headquartered in Indonesia with strong presence across Philippines, Vietnam and Thailand. Comparable digital lending model serving underbanked SEA borrowers, though more consumer-weighted.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Validus social profiles
Digital presenceValidus financial estimates
Financial estimateRevenue estimate
Valuation estimate
Validus leadership team
Management profileNumber of profiles
Profiles13 records
Validus subsidiaries and ownership
Company hierarchySubsidiaries4 records
Validus funding detail
Funding detailFunding overview
Funding rounds12 records
Investors21 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Validus M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Validus
What does Validus do?
Validus is a digital lending platform that provides SME supply chain financing, invoice financing, vendor financing, and integrated business account services to underserved small and medium enterprises across Southeast Asia. The company uses proprietary credit risk algorithms and data-driven underwriting to originate and disburse loans in Indonesia, Singapore, Thailand, and Vietnam through market-specific entities (Batumbu, GXS Capital, Siam Validus, Validus Vietnam).
Is Validus a public or private company?
Validus is a private company. It is classified as venture growth investor backed and is currently operating.
When was Validus founded?
Validus was founded in 2015. It employs 101 to 250 people.
Where is Validus based?
Validus is headquartered in Singapore, Singapore, in the Asia region.
How does Validus make money?
One revenue line is on record: SME Supply Chain Financing.
Who are Validus's main competitors?
Direct peers on record are Funding Societies, KoinWorks, Taralite, Aspire and Kredivo. Broad incumbents are Grab Financial Group and GoTo Financial. Emerging players are LenddoEFL and Xendit. Akulaku is listed as a regional player.
Does Validus have an API?
No public API is recorded for Validus.
What industry is Validus in?
Validus's product category is SME Digital Lending. Its primary akta.pro industry code is FSABAHAB, Open Account Trade Finance (Receivables/Payables Finance). Its NAICS code is 52232 and its SIC code is 6199.