VIRUS OUTBREAK

P2P lender Validus sees 50-75% spike in applications for unsecured SME loans

With focus on SMEs, it plans tie-ups with more corporates in S'pore to provide loan facilities to their supply chains

Singapore

SINGAPORE peer-to-peer lender Validus Capital in March registered a 50 to 75 per cent jump in applications for unsecured loans, a sign of credit demand from cash-strapped enterprises hit by the virus outbreak.

The stronger pipeline of such "credit-approved" borrowing