Siam Validus Joins National Credit Bureau to Boost SME Finance
Siam Validus, a prominent crowdfunding platform for small and medium-sized enterprises (SMEs) in Thailand, has achieved a significant milestone by officially becoming a member of the Thailand National Credit Bureau (NCB).
This accomplishment powerfully underscores the company’s unwavering dedication to fundamentally improving the nation’s financial ecosystem and fostering a culture of responsible digital lending.
With a commanding market share of over 50% in the country’s SME crowdfunding sector, Siam Validus has established itself as a clear leader in providing efficient, digital, and responsible credit access solutions to small businesses across Thailand.
Securing membership with the NCB substantially strengthens this foundational commitment by granting the company enhanced capabilities to accurately assess financial risk and actively promote responsible lending practices through better data utilization.
The membership also solidifies Siam Validus’ standing as a credible and highly trusted player within the burgeoning fintech space, notably making it the only crowdfunding platform in Thailand to have successfully secured this exclusive partnership.
This critical and strategic move is poised to have a transformative impact on the manner in which essential financing is provided, managed, and accessed by SMEs nationwide.
By integrating into the NCB’s framework, Siam Validus is directly contributing to the creation of a more transparent, stable, and robust financial environment for the entire small business community, ensuring that credit decisions are both quicker and more informed.
Accelerating Loan Approvals and Promoting Financial Inclusion
The strategic partnership with the NCB represents a major leap forward for Siam Validus, providing the platform with dual capabilities that are expected to yield immediate and substantial benefits for SMEs by dramatically accelerating loan approvals and enhancing financial inclusion.
Siam Validus can now access real-time credit bureau reports, provided it secures the necessary consent from the business owner seeking the loan.
This access to up-to-date and accurate credit information is a genuine game-changer, as it is projected to drastically reduce the typically lengthy loan turnaround time from approximately two weeks down to a nearly instantaneous process.
This accelerated approval time directly tackles one of the most critical and persistent barriers that countless SMEs face when they urgently seek working capital or funding for expansion.
Crucially, the platform is now also able to responsibly report the repayment histories and credit exposures of its SME clients back into the national credit system.
This vital reporting mechanism initiates a positive and powerful feedback loop: businesses that maintain strong and consistent repayment records with Siam Validus will subsequently be able to build a significantly healthier, more comprehensive credit profile.
This improved profile, in turn, can unlock access to larger loan amounts and more favorable financing terms from a much wider and more diverse range of financial institutions in the future, moving beyond the crowdfunding platform itself.
The ability to both pull necessary data and report transactional data transforms the entire digital lending process, making it far more transparent, accountable, and efficient for all stakeholders involved.
A Catalyst for a More Robust SME Ecosystem
The successful membership with the National Credit Bureau is a pivotal development designed to act as a significant catalyst for sustained growth and improved accountability within the essential ecosystem of Thailand’s SMEs, driven by the digital-first approach of Siam Validus.
As articulated by Mr. Anand Periwal, the CEO of Siam Validus, this strategic move is considered a crucial step toward successfully empowering Thai SMEs with innovative, entirely digital-first financing solutions that meet their modern needs.
These small and medium-sized businesses collectively represent a massive proportion of the nation’s total workforce and are responsible for contributing a significant share to Thailand’s Gross Domestic Product (GDP), yet a large number of them still struggle with limited or complex access to formal credit channels.
By actively facilitating much faster access to critical credit data and by ensuring that positive repayment histories are correctly and permanently recorded in the national system, Siam Validus is accomplishing more than simply accelerating loan approvals; it is effectively helping to build a stronger, more enduring financial foundation for these small businesses.
This key partnership is fundamentally part of a broader, deeper commitment to actively promote financial transparency, encourage responsible lending behavior across the board, and drive genuinely inclusive economic growth.
Ultimately, these combined efforts are designed to help Thai SMEs not just survive but truly thrive, enabling them to maximize their contribution to the overall strength and resilience of the Thai economy.
