back Back

Validis secures strategic investment from Citi and Barclays

By Gloria Methri

January 15, 2025

  • Asset-Based Lending
  • Barclays
  • business lending
Share

Validis, Citi, Barclays, Corporate Banking, Commercial Banking, Financial Data, Business Lending, Working Capital, Invoice Finance, FinTech, UKValidis, the UK-based FinTech specialising in financial data collection and standardisation, has secured strategic investments from Citi and Barclays.

The announcement marks a milestone in furthering efforts to modernise business lending through automated data standardisation, encompassing corporate, commercial and working capital finance products, including invoice finance, receivables finance, and asset-based lending.

Citi and Barclays will leverage Validis’ platform to automate financial monitoring, deliver underwriting-ready data faster, and reduce application and credit review time significantly. This standardised approach will support existing robust decision-making processes, which is important for managing risk in today’s dynamic lending environment.

Michael Turner, CEO of Validis, added, “We are eliminating historically time-consuming and high-cost data processes, particularly for complex commercial clients, enabling lenders to make faster, smarter decisions based on clean, reliable data. The investment enables Validis to accelerate its growth while benefiting from the strategic guidance of two global lenders. The investment will fund continued product innovation and expanded sales and marketing efforts.

James Binns, Managing Director, Global Head of Trade & Working Capital at Barclays, said, “By automating data collection and standardisation, we can not only deliver faster decisions and better service but also offer client-focused working capital funding products at scale. This enables us to meet our customers’ unique needs while still meeting our credit assessment standards.”

Validis’ technology has proven equally transformative beyond lending. Working with over 100 lending and accounting firms, Validis delivers the granular, transaction-level data required for audit processes. This same depth of data, unprecedented in lending, enables financial institutions to make more robust decisions based on audit-grade financial information.

Andrew Murray, Head of Institutional Strategic Investments at Citi, said, “The depth and quality of Validis’ data enables real-time access to standardized financial information, enabling proactive financial support to our commercial bank clients. Improving credit process automation and the scope and timeliness of data available helps capital flow more freely into businesses of all sizes and close critical funding gaps across the market.”

Previous Article

January 15, 2025

Booking.com & Antom to extend Local Payment Options across Asia

Read More
Next Article

January 15, 2025

Oasis Travel taps emerchantpay to optimise payments for its travellers

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

The Weekly Wrap: all you need to know by Friday COB | February 7th

Read More

Today

Galoy unveils Lana to offer Bitcoin-backed lending for banks

Read More

Today

FinTech–focused VC Fund Cedar-IBSi Capital Announces Second Investment In WonderLend Hubs

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More