Singapore's Validus acquires loan portfolio of Citi's small banking unit
Validus, a Southeast Asian SME growth financial platform, is acquiring the loan portfolio of CitiBusiness, for an undisclosed amount.
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Validus, a Southeast Asian SME growth financial platform, is acquiring the loan portfolio of CitiBusiness, for an undisclosed amount.
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.
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