Singaporean fintech Validus and Citi launch $100 million securitization facility

Oluwajuwonlo Afolabi -

Validus, a Singapore-based fintech firm and Citibank have announced the launch of a $100 million securitization facility that will be collateralized under SME loans originated by Validus in Singapore.

  • Singapore-based multi-asset investment manager, First Plus Asset Management focusing on structured credit and equities in Asia supported the launched facility.
  • Since launching the facility, Validus has doubled its borrower base in Singapore and recorded a 60% growth in its loan book. It grew its monthly volumes by over 8x and tripled its loan book in the last 24 months, it claims.
  • Validus has disbursed over $1.6 billion across more than 65,000 loans to SMEs in Singapore, Vietnam, Indonesia, and Thailand. It is backed by investors like FMO, Vertex Growth, Vertex Ventures Southeast Asia and India, AddVentures by SCG, K3 Ventures, Openspace Ventures, and VinaCapital Ventures.
  • It focuses on uplifting SMEs across Southeast Asia by offering financial solutions. Corporate Development Head at Validus, Milenah Naitoh says Citi choosing to partner with Validus is an honour and that the company aims to replicate such establishment across its other markets.