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VIRUS OUTBREAK

P2P lender Validus sees 50-75% spike in applications for unsecured SME loans

With focus on SMEs, it plans tie-ups with more corporates in S'pore to provide loan facilities to their supply chains

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Co-founder Nikhilesh Goel says Validus' 48-hour turnover time to disburse loans has also attracted more "good-quality" SMEs.

Singapore

SINGAPORE peer-to-peer lender Validus Capital in March registered a 50 to 75 per cent jump in applications for unsecured loans, a sign of credit demand from cash-strapped enterprises hit by the virus outbreak.

The stronger pipeline of such "credit-approved" borrowing...

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