Bluejay Finance and Validus Group are partnering to bring SME financing on chain
In an effort to address the ~$500 billion yearly credit gap issue in Asia, Bluejay Finance and Validus Group have announced a partnership to provide a more inclusive and accessible financial ecosystem.
The partnership will focus on bringing SME financing on-chain to offer more flexible lending terms to small businesses in the region. By leveraging blockchain technology, Bluejay Finance can automate the lending process, reduce transaction costs, and improve transparency and security, making the overall lending process more efficient and accessible to small businesses.
“The partnership between Bluejay Finance and Validus Group is an exciting development that can help to address the credit gap issue in Asia,” said Sherry Jiang, CEO for Bluejay Finance. “By working together, we can provide a more comprehensive solution that can address the financial needs of consumers and businesses in the region. We look forward to leveraging our respective strengths and capabilities to make a positive impact on the financial ecosystem in Asia.”
The DeFi and Fintech partnership represents a significant step forward in addressing the credit gap issue in Asia. By leveraging the strengths of both DeFi and Fintech, the partnership aims to provide a more inclusive and accessible financial ecosystem that can bridge the credit gap in the region.
About Validus Group
Validus Group (“Validus”) is the leading all-in-one SME financing platform in Southeast Asia today. Validus drives financial inclusion and prosperity for small businesses by leveraging data and AI to drive growth financing to the underserved SME sector — resulting in faster and effortless one-stop financial solutions that increase our customers’ productivity and cost savings. Validus’ SME-focused, full-suite business finance offering includes loans, business accounts, corporate cards, payments and expense management. To date, Validus has disbursed more than USD 2 billion in loans to small businesses across Southeast Asia.
Founded in 2015 to address the unmet financing needs of SMEs, Validus is headquartered in Singapore and is growing rapidly across its four markets — Indonesia, Singapore, Thailand and Vietnam. In Singapore, Validus holds a Capital Markets Services License from the Monetary Authority of Singapore (MAS). Batumbu (Validus Indonesia) is licensed by Otoritas Jasa Keuangan (OJK) in Indonesia, and Siam Validus is licensed by Securities Exchange Commission (SEC) in Thailand. For more information, please visit validus.sg.
About Bluejay Finance
Bluejay Earn is a decentralized finance (DeFi) platform that offers innovative and user-friendly solutions to address the financial needs of individuals and businesses. The platform leverages blockchain technology to provide a more transparent, secure, and accessible financial ecosystem that can bridge the credit gap and promote financial inclusion. Visit earn.bluejay.finance to learn more.
Bluejay Finance offers a range of decentralized financial applications, which includes Bluejay Earn as well as other opportunities for staking, investing, trading and minting locally denominated stablecoins. Bluejay Finance is committed to promoting financial literacy and education in the communities it serves to create a more inclusive and equitable financial ecosystem.
Media Contact
For more information and enquiries, please contact:
Sherry Jiang
Bluejay Finance CEO
sherry@bluejay.finance
