Validus, a Singapore-based digital lending platform for small and medium businesses, has secured $ 50 million in debt financing from HSBC under the ASEAN Growth Fund strategy. Validus will use the proceeds to support the financial inclusion of micro, small and medium enterprises (MSMEs) in Indonesia, addressing the challenges they face in accessing financial resources. […]
Singapore-based fintech Xalts acquires digital trade platform Contour Network
In a role reversal, Xalts, a Singapore fintech startup founded 18 months ago, has acquired Contour Network, a digital trade platform set up by eight major banks including HSBC, Standard Chartered and BNP. Terms of the deal were undisclosed, but the acquisition price was in the high single millions and composed of cash and stock. […]