SINGAPORE (Sept 11): Validus Capital, a Singapore-based SME financing platform, has raised more than $120 million in funding for Singapore-based SMEs and businesses through its platform.

To date, it has financed more than 1,600 loans, with each loan request approved under 24 hours. The average amount funded per request is S$70,000, with a high degree of diversification across various industry classes.

Established in 2015, Validus offers access to financing from accredited individual and institutional lenders. Much of its growth is in tandem with Singapore SMEs' increased need for growth capital, with a financing gap of around $20 billion.

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