#JustGotAcquired! Singaporean digital bank, GXS Bank, just announced that it has received regulatory approval to acquire Validus Capital Pte Ltd (Validus Capital), the Singapore subsidiary of Validus Investment Holdings Pte Ltd (Validus Group).

• The all-cash deal is set to be completed on April 15, 2025. 
• From then on, Validus Capital will become a wholly-owned subsidiary of GXS Bank.

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🏓 Growth, growth, growth

The acquisition will enable GXS Bank to help larger SMEs unlock cash flows faster through short-term trade finance and supply chain financing. 

These financing options will be provided by Validus Capital.

• GXS Bank already supports single ownership businesses through the GXS Biz Account and the GXS FlexiLoan Biz. 

A little more info. GXS Bank was set up in 2022 by Grab and Singtel.

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🏦 On Validus

Founded in 2015, Validus Capital has disbursed more than $1B in supply chain financing and working capital loans.

• They raised $50M in debt financing last September 2024.  
• Aside from Singapore, the fintech is also active in Indonesia (Batumbu), Thailand (Siam Validus), and Vietnam (Validus Vietnam).

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↗️ What’s next? 

The integration of Validus Capital into the GXS Bank family is expected to be completed by the end of the year.