Singapore’s Validus acquires loan portfolio of Citi’s small banking unit

Singapore’s Validus acquires loan portfolio of Citi’s small banking unit

Validus Co-founders Vikas Nahata and Nikhilesh Goel.

Validus, a Southeast Asian SME growth financial platform, announced that it has agreed to acquire the loan portfolio of Citi Singapore’s small business banking unit, CitiBusiness, for an undisclosed amount.