Monday, June 17, 2024

Validus adds key hires from DBS and Techcombank to its senior leadership team

Validus, Southeast Asia’s leading SME growth financing platform, today announced two key additions to its senior leadership team. Vishal Shah has joined as President, Emerging Markets, and is responsible for driving growth in emerging and new markets. Vineet Agarwal has joined as President, Neobank, and is responsible for driving Validus’ digital financial services and neobanking plans across Southeast Asia.

Vishal is a financial services veteran who brings more than 20 years of leadership and business experience in SME, commercial and retail banking across Asia with Techcombank and Standard Chartered. Vineet is a digital product development and payments expert with more than 16 years of experience in driving digital and data strategies across markets in the Asia-Pacific region with DBS and American Express.

Validus Co-founder and Group CEO Nikhilesh Goel said, “Validus is in hyper growth mode, and as we continue to drive financial inclusion for SMEs across Southeast Asia, I am delighted to welcome Vishal and Vineet to Validus. Both Vishal and Vineet bring invaluable expertise to the company and are well-placed to build on our ambitious plans and steer us forward in emerging markets and in our neobanking strategy.”

Last year, Validus was named as one of the top startups in Singapore in LinkedIn’s 2021 Top Startups list. In the intensely competitive talent market, Validus has consistently managed to attract talent to join, and more than 90% of its senior leadership team across Southeast Asia have strong experience in banking and financial services. Validus continues to expand its team and has added more than 25% new hires in the past six months, with the majority coming in support of new technology and neobank initiatives.

Validus recently crossed a significant milestone of US$1 billion in SME loan disbursals across Singapore, Vietnam, Indonesia and Thailand. The company is backed by highly reputed VCs including FMO, Vertex Growth, Vertex Ventures Southeast Asia and India, AddVentures by SCG, K3 Ventures, Openspace Ventures and VinaCapital Ventures.

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