, Singapore

Validus, Citibank establish $100m facility for SME financing

The facility is collateralized by SME loans by Validus’ Singapore arm.

Financing platform Validus and Citibank have established a $100m securitisation facility, collateralized by loans from small and medium enterprises originated by Validus in Singapore.

The facility is aimed to extend financing for SMEs not just in Singapore but across Southeast Asia.

The facility is also supported by First Plus Asset Management, a Singapore-based multi-asset investment manager focused on Asia structured credit and equities. 

Validus is also currently raising its Series C equity round for an undisclosed amount. The combination of the securitisation facility and Series C equity funding will support Validus’ plans for expansion, which involves introducing neo-banking products in Southeast Asia. 

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Australian banks' credit risk rises amidst high debt, economic uncertainty
National Australia Bank reported an 8.1% decline in cash earnings.Australian banks face heightened risk of rising credit losses as high household debt levels, elevated interest rates, and global economic uncertainties continue, according to S&P Global Ratings.
Retail Banking
Visa launches new products to boost flexibility, security in APAC
It also partnered with QR payment providers across the region for cross-border payments.Visa has introduced several new products and services aimed at enhancing payment flexibility and security in Asia Pacific.
Cards & Payments