GXS Financial institution, the digital lender backed by Seize and Singtel, has secured a recent capital injection of US$60 million from its key shareholders, regulatory filings present.
In keeping with Deal Avenue Asia, the newest infusion got here from A-5 DV Holdings Pte Ltd and SFG Digibank Funding Pte Ltd, each subsidiaries of Seize Holdings, which subscribed to new strange shares on 15 September.
A-5 DV Holdings acquired 46.35 million shares, whereas SFG Digibank Funding picked up 30.9 million, filings with Singapore’s Accounting and Company Regulatory Authority (ACRA) revealed.
This marks the third time in below two years that Seize has injected capital into GXS.
The Southeast Asian expertise agency invested US$142 million in mid-2024, adopted by one other US$109 million in January 2024.
In complete, Seize has now dedicated about US$311 million to the digital financial institution because the begin of final 12 months.
GXS is among the many 4 corporations awarded a digital financial institution license by the Financial Authority of Singapore (MAS).
Underneath MAS guidelines, totally digital banks start operations in a restricted section, beginning with a minimal paid-up capital of S$15 million (US$11.7 million) and deposit limits of S$75,000 per particular person.
Over time, banks are required to develop their capital base to at the very least S$1.5 billion, at which level these restrictions are lifted, permitting them to compete instantly with conventional retail lenders.
Seize’s most up-to-date second-quarter earnings confirmed that monetary companies stays its solely section but to realize constructive EBITDA.
Adjusted EBITDA losses for the monetary companies division widened barely to US$26 million within the quarter, in contrast with US$24 million a 12 months earlier.
In distinction, the mobility arm posted a constructive adjusted EBITDA of US$164 million in Q2, up 8.7% from US$129 million final 12 months, whereas the deliveries section delivered US$63 million, in contrast with US$42 million in Q2 2024.
In Seize’s first-half 2025 briefing, President and COO Alex Hungate highlighted “robust mortgage disbursal development” throughout GXS Financial institution in Singapore and GX Financial institution in Malaysia because the group scaled new product launches, noting that retail mortgage buyer drawdowns greater than doubled between March and June 2025.
Hungate added that Seize expects to exit 2025 with a mortgage e book exceeding US$1 billion throughout its monetary companies enterprise, together with GXS Financial institution, and stated the corporate is “on monitor to realize adjusted EBITDA breakeven within the second half of subsequent 12 months” for the division.
Featured picture credit score: Edited by Fintech Information Singapore, based mostly on picture by vector_corp through Freepik
