Southeast Asian SME financing platform Validus introduced that it had named Vineet Agarwal as CEO of Validus Capital in Singapore, efficient 1 August 2023. He succeeds Jayanta Roy who’s retiring.

Vineet Agarwal

Vineet joined Validus in January 2022, the place he led the digital monetary companies and funds technique, product growth and go-to-market plans for the roll-out of the corporate’s full-suite SME monetary companies providing.

This consists of enterprise accounts, company playing cards, native and cross-border funds, and expense administration options, along with its current SME mortgage merchandise.

Previous to becoming a member of Validus in 2022, Vineet held numerous senior management roles at DBS and American Categorical from 2008 to 2021.

Since its institution in 2015, Validus has disbursed over US$2.8 billion in loans to small companies in Singapore, Indonesia, Vietnam, and Thailand. The corporate reported that it had grown its mortgage e book year-on-year by 80% in 2022 in comparison with the earlier yr.

Nikhilesh Goel

Nikhilesh Goel, Co-founder and Group CEO of Validus mentioned,

“With Vineet on the helm as the brand new CEO for Validus Capital Singapore, Validus is well-placed to enter the following stage of progress with an modern strategy fueled by strategic partnerships, embedded finance, different information, and AI-driven information analytics, and additional cement our market main place in Singapore.

 

We might additionally prefer to take the chance to increase our honest appreciation and gratitude to Jayanta, who has been an integral a part of our success previously six years, and we want him success and success in his future endeavours.”