Validus and Citi announce US$100 million SME loans securitisation

Singapore's FinTech firm Validus and global bank Citibank N.A. (Citi) announced on Wednesday the establishment of a US$100 million securitisation facility, collateralised by small and medium-sized enterprise (SME) loans originated by Validus in Singapore.

According to Validus this collaboration between a large global bank and a fintech is the first-of-its-kind in Southeast Asia in terms of deal and structure and was launched in early second quarter this year.

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