by Fintech News Vietnam
February 5, 2024
Validus Vietnam, a financing platform for small and medium-sized enterprises (SMEs), has secured an investment from Japan’s Reazon Holdings. The sum was not disclosed.
This investment into VGrowth Development Co. Ltd., commonly known as Validus Vietnam, signifies a strategic move to support SMEs in the region, which are often hindered by limited access to traditional funding sources.
Through this investment, Reazon Holdings said that it will actively support Validus Vietnam’s business growth, including support for financing procurement through its group network.
The company added,
“Reazon Holdings has decided to invest in Validus Vietnam based on their evaluation of the high market potential for SME finance in Vietnam and Validus Vietnam’s future potential, backed by its operations and lending track records in other SEA countries.”
Validus Group is an all-in-one financing platform for SMEs in the Southeast Asia region, with a presence in Indonesia, Singapore, Thailand, and Vietnam.
Featured image credit: Edited from Freepik
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