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Validus to apply for Singapore digital-banking licence

From left: Arno de Vette, senior investment officer, FMO; Vikas Nahata, co-founder and executive chairman, Validus Capital; Ajit Raikar, co-founder and CEO, Validus Capital; and Liu Genping, partner, Vertex Ventures.


SINGAPORE'S largest peer-to-peer lending platform Validus Capital will apply for a digital banking licence here, joining a growing chorus of non-bank challengers looking to edge into this new space.

Validus, which is backed by Temasek Holdings' Vertex Ventures, told The...