Validus' Indonesian Arm Batumbu Granted Digital Lending License From OJK
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 S...
Source: fintechnews.sg