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P2P lender Validus eyes Singapore banks as new partners

Singapore

SINGAPORE'S largest peer-to-peer lending platform Validus Capital is confident of inking serious collaborations with Singapore banks by early next year to tackle the pressing dearth of financing for small-and-medium enterprises (SMEs), said its top executives.

This comes as Validus has been in talks with Singapore banks for some three years now, and is seeing a shift in attitude toward partnerships as it offers a fresh approach of assessing SMEs for financing.

Co-founder and executive chairman Vikas Nahata told The Business Times in an interview: "I do think (collaborations are) one of the very serious possibilities in Singapore."

Validus matches funds from accredited and institutional...

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