Singapore-based financing platform Validus has nearly doubled its revenue in 2022 as SMEs increasingly opt for alternative lending solutions.

Despite pre-tax losses widening slightly, the company anticipates revenue growth of 50% this year, with losses estimated to fall by 40%.

Co-founder and CEO Nikhilesh Goel reveals that Validus is on track to achieve EBITDA profitability by Q4 of 2024.