Founded in 2015, Validus is a Fintech company invested by Vertex Fund, owned by the Government of Singapore. In Vietnam, Validus' strategic shareholders include TTC Group, Do Ventures Fund and VinaCapital Ventures.

Validus’ strength is in developing AI-powered credit scoring algorithms that use alternative data and predictive models to automate the credit risk assessment process for small business loans. SMEs therefore only need to submit simple documents on the online platform to receive funding support.

According to a representative from Reazon, Reazon Holdings decided to invest in Validus Vietnam based on its high appreciation of the potential of the SME financial market in Vietnam as well as the development potential of Validus Vietnam in the future.

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Mr. Dinh Van Binh - CEO of Validus Vietnam.

Sharing about the plan for this investment, Mr. Dinh Van Binh - CEO of Validus Vietnam said that the new capital will be invested in product development, technology, and data. Through the investment agreement, Validus Vietnam will also receive additional support from Reazon Holdings through its existing partner network.

In fact, more than 80% of SMEs in Southeast Asia in general and Vietnam in particular face significant barriers in accessing financial solutions. This is due to strict collateral requirements and complex screening processes from traditional financial institutions.

Since its launch in Singapore as of June 2023, Validus has facilitated over S$4 billion in disbursements across over 80,000 SME loans across Singapore, Indonesia, Thailand and Vietnam, making it one of the largest SME financing platforms in Southeast Asia.

2023 is the 'winter' of startups and entrepreneurship According to the Vietnam Open Innovation Ecosystem Report 2023 conducted by BambuUP, in the first 9 months of 2023, the number of investments in Vietnamese startups decreased by 40% in quantity and 13% in value.