Singapore fintech Validus Capital expands to Indonesia

It aims to plug SME funding gap through its domestic business entity, Batumbu.

Singapore-based SME lending platform Validus Capital has launched its Indonesian business entity Batumbu in partnership with Triputra Group.

Batumbu marks Validus’ first Southeast Asian market outside of Singapore and works by connecting Indonesia’s SMEs - ranging from food and beverage (F&B), services, engineering, construction industries - with accredited, institutional and high net worth investors.

Batumbu uses proprietary technology and credit scoring systems to help provide SMEs with access to financing.

Validus has also appointed Sonny Joseph as its CEO, having over 23 years of experience across SME banking and entrepreneurship.

In February, Validus raised $20.5m (US$15.2m) in an oversubscribed Series B funding round led by Dutch public-private development bank FMO and invests in private sector growth in emerging markets.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia