Fintech Purchase: Validus Buys Citi Singapore s Business Loan Portfolio crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
Validus, a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book. Nikhilesh Goel, co-founder and CEO of Validus, told TechCrunch that Validus expects to create synergies with the loan portfolio of CitiBusiness, Citi […]
Validus today 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.
Siam Validus, an SME Funding Platform, Acquires a Debenture Crowdfunding License from the SEC in Thailand
SME or small business crowdfunding platform
Siam Validus has reportedly received a debenture crowdfunding license from the
Securities and Exchange Commission of Thailand (SEC).
Siam Validus is a joint initiative between Singapore’s SME financing platform Validus and SCG Distribution, a Thailand-based firm that specializes in distribution and the retail business.
The new permit should help Siam Validus with supporting SMEs using various financing solutions through debt crowdfunding to drive capital flow and potential investments.
Siam Validus’ management stated that the licensing was obtained after a thorough due diligence process performed by Thailand’s SEC, and shows that the regulator remains focused on enhancing funding access for local SMBs.