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Vertex-backed Validus to apply for Singapore digital-banking licence

From left: Arno de Vette, senior investment officer of FMO; Vikas Nahata, co-founder and executive chairman of Validus Capital; Ajit Raikar, co-founder and CEO of Validus Capital; and Liu Genping, partner of 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 Holding's Vertex Ventures, told The Business Times...

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