As published on VERDICT:
Validus Capital, a P2P lending platform headquartered in Singapore, is looking to apply for a digital banking licence next month, reported Business Times.
Commenting on the move, Validus co-founder and CEO Ajit Raikar said: “We are ready to evolve into a full-service digital bank to connect communities and millennials who are digitally savvy with businesses.”
As Singapore’s largest SME financing platform, we pledge to provide critical financing support to SMEs who are coping with increased demand, or pivoting their business to adapt services and products needed in these times.
For example, in the last few months, we've disbursed multiple loans averaging $250k to $500k, to support SMEs’ efforts in meeting the demand for protective gear in short supply.
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