Validus tops S$120m in business funding

Singapore-based lending platform Validus Capital (Validus) has surpassed over S$120 million in funding for local SMEs and businesses, according to a Media OutReach-forwarded statement received on Tuesday.

Established in 2015, Validus offers access to financing from accredited individual and institutional lenders.

The leading peer-to-business financing platform of Singapore has financed more than 1,600 loans to date, each of which took less than 24 hours to get approved.

The average amount funded per request is S$70,000, with a high degree of diversification across various industry classes.

Validus Chief Executive Officer (CEO) and co-founder Ajit Raikar said the company still has much work to do to empower many more SME businesses, pointing toward country's S$20 billion financing gap.