Validus, a Singapore-based digital SME lending platform, secures $50M debt financing to help enterprises in Indonesia | TechCrunch
Briefly

"Traditional banks across the SEA region still rely on legacy credit evaluation methods for small businesses, and they are overly reliant on historical financials and real estate-backed collateral."
"For a region experiencing GDP growth of 5-6% per annum, small businesses need access to stable and accessible working capital to grow their businesses and contribute to job creation and nation building."
Read at TechCrunch
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