Validus

Validus and Citibank N.A. (Citi) has announced the establishment of a USD 100 million securitisation facility, collateralised by SME loans originated by Validus in Singapore.  This collaboration between a large global bank and a fintech is the first-of-its-kind in Southeast Asia in terms of deal and structure and was launched in early Q2 this year. The facility is also supported by First Plus Asset Management Pte. Ltd.…

Validus has announced that it has entered into an agreement with Citi to acquire its CitiBusiness loan portfolio in Singapore, in a move that will bolster Validus’ top line revenue, customer base, and expand its growing loan book.  This is the first time a FinTech in Southeast Asia is acquiring an established bank’s loan portfolio and…