Singapore Digest: Validus to seek digital banking licence; ConsoliAds raises Series A

From L to R: Arno de Vette, Senior Investment Officer, FMO; Vikas Nahata, Co-founder and executive chairman, Validus Capital; Ajit Raikar, co-founder and CEO, Validus Capital; and Liu Genping, Partner, Vertex Ventures

Singapore-based P2P lending platform Validus Capital will apply for a digital banking licence in August while digital advertisement optimization platform ConsoliAds has raised $1 million Series A led by 47 Ventures Investments.

Validus Capital to apply for Singapore digital-banking licence

Singapore-based P2P lending platform Validus Capital will apply for a digital banking licence in August when the Monetary Authority of Singapore (MAS) starts accepting applications, the Business Times reported.

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