Dutch development bank FMO has proposed to invest $650,000 in Singapore-based SME financing platform Validus to provide additional capital needed to grow the company’s operations.
If approved, the proposed investment will bring FMO’s total funding in Validus to about $6.22 million. The Dutch lender first invested $6.08 million in the SME financing platform in 2019 and another €0.14 million ($140,000) in 2021.