4 Articles
4 Articles
GXS Bank to Acquire Validus' Subsidiary to Broaden SME Financing Offerings - Fintech Singapore
GXS Bank has received regulatory approval to acquire Validus Capital, the Singapore-based subsidiary of Validus Group, in an all-cash deal that will be completed on 15 April 2025. The acquisition marks the first time a homegrown digital bank in Singapore is taking over a local fintech firm. Validus Capital, which launched in 2015, has provided over US$1 billion in financing to SMEs in Singapore, focusing on supply chain and working capital loans…
GXS Bank Makes Historic Move with Acquisition of Fintech Firm Validus Capital
In a first for Singapore’s digital banking sector, GXS Bank has secured regulatory approval to acquire homegrown fintech player Validus Capital, marking a significant consolidation in the local financial services landscape. The all-cash deal, slated to close on 15 April 2025, will see Validus Capital become a wholly owned subsidiary of GXS Bank. The acquisition […] The post GXS Bank Makes Historic Move with Acquisition of Fintech Firm Validus Ca…
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