Validus Acquires KlearCard to Pave the Way for Its SME-Focused Neobank

Singaporean peer-to-peer (P2P) lending platform Validus has acquired business payments and expense management technology platform Klearcard in an undisclosed deal. The acquisition of the KlearCard platform will pave the way for Validus to accelerate its build-out of a credit-led and SME-focused neobank.

The Singapore-based company recently launched its Series C fundraise and is targeting $100m in equity and debt to allow it to strengthen its neobank and expand to new markets.

Through Validus’ integration of KlearCard’s technology, businesses can expect to have a personalised and live mobile interface that provides them with the tools to manage their business seamlessly, and spend time focusing on growth.