GXS Capital

Fintech Founded 2015

Editor's NotesOptional background reading — skip if you just want the comparison

Fast approval is appealing right up until you realise fast can hide expensive, short-duration debt, especially when repayment starts before the cash you are financing has actually arrived.

GXS Capital is worth looking at anyway, because it sits in an unusual spot in Singapore's SME market. It has fintech roots, now has digital bank ownership, and still leans into practical working capital products rather than pretending every business just needs a generic term loan.

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The backstory matters more than most lender origin stories do. GXS Bank completed an all-cash acquisition of Validus Capital on 15 April 2025, the first time a homegrown digital bank here bought a local fintech. GXS Capital now operates as a wholly owned subsidiary of GXS Bank under Validus Capital Pte. Ltd., and it holds a Capital Markets Services licence from MAS.

That gives borrowers a cleaner institutional frame than the usual "platform" language. I get why that appeals to business owners who have already spent too much time comparing glossy websites that all promise speed, flexibility, and support for growth.

Validus, now GXS Capital, was founded in 2015 and has disbursed more than US$1 billion to Singapore SMEs. For scale, that is well above S$1.3 billion at recent exchange rates, roughly the cost of funding 13,000 loans of S$100,000 each.

Its core pitch is fairly straightforward. Working Capital Loan pricing starts from 0.7% per month, the facility is unsecured, and no collateral is required. The problem with monthly pricing is not that it is automatically unreasonable. The problem is that many owners compare it loosely to bank annual rates and stop there, which is usually when I start getting suspicious.

On a S$100,000 facility, 0.7% a month starts at S$700 in monthly interest before you account for tenure and repayment structure. If the loan runs only a few months, that may still be perfectly usable for a stock purchase, a supplier payment gap, or a seasonal cash squeeze. If you treat it like a cheap long-term bank loan, you are using the wrong tool.

That short-tenor framing shows up across the product set. GXS Capital's invoice financing advances up to 80% of invoice value, with a cap of S$1 million, and says funds can be disbursed within 1 working day after approval. A business waiting 90 days on a S$200,000 invoice could unlock up to S$160,000, which is enough to cover several payroll cycles for a small trading firm.

Purchase Order Financing is narrower, which is sensible. It covers up to 50% of the purchase order amount, also capped at S$1 million, and can be approved and disbursed in as little as 1 working day. Eligibility is tighter, though, because the business must have operated for at least 2 years.

Working Capital Financing goes up to S$500,000 on an unsecured basis. To qualify, the company must be incorporated in Singapore for at least 6 months and be at least 25% locally owned, which is a lower local shareholding threshold than the 30% rule many SMEs know from Enterprise Singapore-backed EFS loans.

The transparency claim is probably the most important part to test in practice. GXS Capital says credit assessment can start with just 2 documents, loans follow a fixed repayment schedule, and there are no hidden fees. That is a good start, but fixed repayment only helps if you also understand the true cost over the actual tenor you will use.

There is a related product family under GXS Bank itself, and it is easy to confuse the two. GXS FlexiLoan Biz is a standby credit line up to S$150,000, priced from 4.99% per annum with an EIR from 9.32% per annum, over 2 to 36 months, with no early repayment penalty. That looks more like a revolving business buffer than invoice-led funding.

For larger secured borrowing, GXS also has a property-backed SME loan with Funding Societies up to S$2 million. Different job, different risk profile.

My read is fairly simple. GXS Capital looks strongest for SMEs that need working capital quickly, understand short tenors, and can match repayment to a specific receivable or order cycle. If you want the cheapest annualised cost, DBS, OCBC, UOB, or an EFS-backed facility may still be the better first stop. If speed matters and you want unsecured options from a lender with a real Singapore operating history, GXS Capital is one of the more credible names to put on the shortlist.

Pros

Fast approval (~1 day). No collateral. Relatively low rates for alternative finance (0.7-1% per month). Integrated digital platform. Backed by Grab and Singtel. Transparent pricing. No hidden fees.

Cons

Short-term focus (3-12 months). Personal guarantee usually required. Higher cost than bank loans. Moderate loan caps (S$500k unsecured). Requires sharing business financial data.

At a Glance

S$500,000

Max Amount

0.7%–1.0%/mo

Rate Range

1 days

Approval Speed

18 mo

Max Tenor

Visit GXS Capital website →

Products and Rates

Product	Type	Amount	Tenor	Rate	Fees	Speed	EFS
Working Capital Loan	Term	S$50,000–S$500,000	3–18 mo	0.7%–1.0%/mo ≈8%–12% p.a.	2.5%	1 days	–
Fast digital approval. No collateral. Rates 0.7-1% per month (≈8-12% p.a.). 6+ months operating history.
Invoice Financing	Invoice	S$20,000–S$1,000,000	30–120 days	0.7%–1.0%/mo ≈8%–12% p.a.	2%	1 days	–
Finance up to 90% of invoice value. Approval within 1 working day. B2B invoices only.
Purchase Order Financing	Invoice	S$20,000–S$1,000,000	30–120 days	1.0%–1.5%/mo ≈12%–18% p.a.	2%	1-3 days	–
Finance confirmed purchase orders. Slightly higher rates than invoice financing (~12% p.a.).

Rates are indicative and subject to credit assessment. Last verified: 2025-12-10

Eligibility Requirements

General Requirements

Singapore-registered business
6–12 months operating history
Personal guarantee from directors

Documentation

ACRA business profile
6 months bank statements
Recent financial statements (if available)
Directors' NRIC

Ownership and Background

Ownership

Wholly owned by GXS Bank (Grab/Singtel); formerly Validus

Licence

MAS Capital Markets Services (P2P)

Founded

2015

Website

https://gxscapital.sg

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