VIH Capital Pte Ltd
Status: Investment in contracting phaseWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our prospective customer?
VIH Capital Pte Ltd (“VIHC”) is wholly owned by Validus Investment Holdings Pte Ltd (“VIHPL”) which is a Peer-to-Peer (P2P) digital lending platform operator for SMEs in four countries across the SEA region. It aims to address the significant financing gap faced by SMEs with the purpose to fuel their growth and drive job creation and local economic prosperity.
What is our funding objective?
Loan proceeds will be earmarked for SME financing in Indonesia. VIHC will deploy the funds through the Group’s local platform operated by PT Berdayakan Usaha Indonesia (aka “Batumbu”). Batumbu platform is fully licensed by the Indonesian Financial Services Authority (“OJK”) and extends productive loans to credit-constrained and underserved SMEs by following an upstream and downstream supply chain approach thereby creating sustainable ecosystems and driving SME growth through financial inclusion. Considerable part of its loan book is towards rural and youth-owned (under 35y) SMEs.
Why do we want to fund this investment?
Validus and its local platform Batumbu contribute to bridging the multibillion financing gap for SMEs which are a key contributor to the Indonesian GDP and provide stable employment supporting livelihoods and economic growth. Batumbu leverages technology and in conjunction with its unique partnership model, benefits its clients with easy, fast and flexible credit that enables them to reach their potential. By providing stable, long-term and matching currency loan financing, FMO promotes the group’s strategic objective of extending own balance sheet lending operations.
What is the Environmental and Social categorization rationale?
Project has been assigned a C risk category. Loan applications are screened against an exclusion list and there are no IFC PS transactions.
- Region
- Asia
- Country
- Singapore
- Sector
- Financial Institutions
- Publication date
- 7/26/2023
- Deadline for feedback
- 8/25/2023
- Total FMO financing
- USD 15.00 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C