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Southeast Asian lending platform Validus raises $20 million for its Series B+ round

Small- to medium-sized businesses are one of the most important parts of Southeast Asia’s economy, but many have trouble securing growth capital from traditional financial institutions. Validus wants to fix the financing gap with its peer-to-peer lending platform, which connects accredited lenders with SMEs. The Singapore-based startup announced today that it has raised $20 million for its ongoing Series B+ round.
The funding was co-led by Vertex Growth fund and Kuok Group’s Orion Fund, which is managed by K3 Venture Partners. Returning investors in the round include FMO, the international development bank of the Netherlands; Vertex Ventures Southeast Asia and India; Openspace Ventures; AddVentures; and VinaCapital Ventures.
This brings Validus’ total raised to about $40 million since it was founded in 2015, including a $15.2 million Series B round announced last year.
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