PatSnap, an intellectual property platform, has raised $300 million in its latest funding round led by SoftBank Vision Fund 2 and Tencent Investment, joining a list of global technology unicorns.
SG-based Validus arm Batumbu secures digital lending licence in Indonesia
From left to right: Florensia Chief of Finance & Operation Officer; Jenny Wiriyanto CEO; Kemal Alamsyah Risk & Compliance Director; Reza Perazi Armadi Chief of Business; Meliana Wong Chief of Customer Journey Officer
March 16, 2021
Batumbu, the Indonesian arm of Singapore-based SME financing platform Validus, has received regulatory approval from the Financial Services Authority (OJK) to operate as a licensed digital lending platform.
After gaining the licence, Jenny Wiriyanto, CEO of Batumbu, said the company will build strategic partnerships to expand its reach. “We’ll also be ramping up efforts to improve financing access and financial literacy within business ecosystems across Indonesia. The Batumbu team is dedicated to accelerating financial inclusion for MSMEs, to drive a more advanced and resilient Indonesia,” Wiriyanto said.
Validus’ Indonesian subsidary Batumbu has received regulatory approval to operate as a licensed digital financing platform from the Indonesian Financial Services Authority (OJK).
Since the launch of its operations in 2019, Batumbu said that it has disbursed over S$207 million to MSMEs and recorded close to 650% annual growth last year.
Validus has received regulatory approval in three markets across Southeast Asia to date. The fintech is also licensed in Singapore as Validus Capital and in Thailand as Siam Validus.
Since its launch in 2015, Validus has facilitated over S$775 million in SME financing across Singapore, Vietnam, Indonesia and most recently, Thailand.
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Siam Validus, an SME Funding Platform, Acquires a Debenture Crowdfunding License from the SEC in Thailand
SME or small business crowdfunding platform
Siam Validus has reportedly received a debenture crowdfunding license from the
Securities and Exchange Commission of Thailand (SEC).
Siam Validus is a joint initiative between Singapore’s SME financing platform Validus and SCG Distribution, a Thailand-based firm that specializes in distribution and the retail business.
The new permit should help Siam Validus with supporting SMEs using various financing solutions through debt crowdfunding to drive capital flow and potential investments.
Siam Validus’ management stated that the licensing was obtained after a thorough due diligence process performed by Thailand’s SEC, and shows that the regulator remains focused on enhancing funding access for local SMBs.
Licious eyes $80 million in funding at $800 million valuation
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TPG, General Atlantic, PremjiInvest and Multiples Alternate Asset Management are in talks to invest in the Vertex and 3one4 Capital-backed company.
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Mumbai: Gourmet meat startup Licious is eyeing $80 million in capital at a valuation of $800 million, sources close to the development said, in a round that will see new as well as existing investors participate.
TPG, General Atlantic, PremjiInvest and Multiples Alternate Asset Management are in talks to invest in the Vertex and 3one4 Capital-backed company, the sources said.
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