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Validus acquires CitiBusiness loan portfolio 

Nikhilesh Goel, co-founder and Group CEO of Validus, told journalist that Validus expects to create synergies with the loan portfolio of CitiBusiness, Citi Singapore small banking unit. Validus, a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book.