Excited to share a significant milestone from our portfolio at Vertex Ventures SEA & India. GXS Bank has received regulatory approval to acquire Validus Capital, the Singapore subsidiary of Validus Group. 📌 This marks the first acquisition of a local fintech by a homegrown digital bank in Singapore. Founded in 2015, Validus Capital has become one of Singapore’s largest SME digital lending platforms — disbursing over US$1 billion in financing to thousands of businesses. As part of this all-cash transaction, Validus Capital will become a wholly-owned subsidiary of GXS Bank. Here’s why this matters: 🤝 GXS Bank will enhance its SME offering with Validus Capital’s robust digital lending infrastructure 🌏 Validus Capital will scale further with GXS Bank’s balance sheet strength and regional network 📈 SMEs will gain faster, more accessible financing across all stages of growth We’re proud to have backed Nikhilesh Goel and the Validus team from the early days. This acquisition is a testament to their vision — and to the growing maturity of Southeast Asia’s fintech ecosystem. Validus Group will continue to operate independently in Indonesia and Thailand under the Batumbu brand, where it sees even greater opportunities for growth. Congratulations to both teams on this exciting new chapter. Read more: https://lnkd.in/eFEa_8S5 ♻️ Reshare to spotlight Southeast Asia’s fintech innovation.
Always grateful to the Vertex family for their undying support from the first cheque to now!
Early Stage Investor, LP, Series A, Series B, Fund Raising - Debt and Equity, Mergers & Acquisitions, Growth Accelerator, Private Equity, VC Funding, MSME Funding, Mentor, Blockchain Student, Hyperledger
2wGreat progress Vertex Ventures SE Asia & India