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Bank
FINANCIAL | Retail Banking
dbs.com

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Investments

28

Portfolio Exits

1

Partners & Customers

10

About DBS Bank

DBS Group (SGX: D05), known as DBS Bank, provides commercial banking and financial services in Asia. Its products and services are comprised of current and savings accounts, fixed deposits, loans and home finance, cards, payments, and investment and insurance products. Its Consumer Banking and Wealth Management segment offers banking and related financial services to consumers, while its Institutional Banking segment delivers financial solutions for institutional clients that include bank and non-bank financial institutions, government-linked companies, and enterprises of all sizes.

DBS Bank Headquarter Location

12 Marina Boulevard Marina Bay Financial Centre Tower 3

Singapore, 018982,

Singapore

+65 6878 8888

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Latest DBS Bank News

DBS Bank India Partners With Odex To Provide Hassle-free Credit Solutions To Freight Forwarders

Aug 13, 2021

ODeX Pay Later Solutions powered by DBS aims to empower over 8,500 SMEs in the shipping industry Industry-first platform-based postpaid lending program; offering an unsecured credit line up to INR 50 lakh Enables ODeX customers to streamline credit workflows and avail financing through a transparent and paperless application process within the platform Provides a seamless API-enabled real-time transaction flow between ODeX and DBS, enabling a single click postpaid checkout solution for invoice payments DBS Bank India announced that it has partnered with ODeX, one of India’s leading platforms, to exchange shipping documents and facilitate payments to introduce ODeX Pay Later Solutions powered by DBS. ODeX customers can access comprehensive payment and financing solutions through the partnership for all their ocean shipping transaction needs. This partnership is expected to benefit over 8,500 freight forwarders, aligning with DBS’s commitment to financing local businesses and supporting livelihoods. Freight forwarders usually receive payments from their customers, comprising importers and exporters, after completing service. However, they must pay shipping lines, port terminals, container freight stations and other stakeholders upfront to clear the cargo on time, which impacts their working capital. DBS recognised this gap and designed a financing solution that is digital, contextual, seamless and removes friction from the overall payment process. By broadening access to finance, streamlining current credit workflows of ODeX customers, the ODeX Pay Later Solutions allow freight forwarders to make direct payments to ship liners. Businesses with a turnover of INR 3 Cr to INR 200 Cr that have completed over five years in the same industry can avail of an unsecured loan of up to INR 50 lacs from DBS Bank. Further, they can opt for a secured credit limit of up to INR 5 Cr. DBS was recognised among the ‘Outstanding Financial Innovators in Asia Pacific’ for this trade finance solution at the annual Innovators Awards 2021 by Global Finance. Divyesh Dalal , Head – Global Transaction Services, DBS Bank India, said, “At DBS, we are pre-emptive in recognising customer needs, and we leverage our best-in-class technology to deliver innovative financing solutions. The integration with ODeX will help simplify the payment journey for freight forwarders, thereby increasing efficiencies. Our analytics-based platform reduces friction and improves the turn-around time for disbursing credit. It allows for a seamless transaction flow wherein customers can raise requests from ODeX through API enabling real-time flow of information between the platforms.” Sudarshan Chari , Head- Business Banking, DBS Bank India, said, “DBS has been at the forefront of supporting local businesses and broadening credit access to this segment. Our partnership with ODeX allows us to leverage our strong digital capabilities and offer innovative financing solutions to SMEs in the shipping industry. ODeX Pay Later Solutions will help unlock cash flow that will, in turn, allow these enterprises to scale and tap into emerging opportunities.” Commenting on the partnership, Liji Nowal, Managing Director, ODeX, said, “This partnership is a clear and concentrated focus on serving a market that is currently underserved. The technology support from DBS will help us multiply our reach in the logistics industry, allowing us to present a complete solution suite to the customers.” Customers can log in via ODeX and make payments to ship liners by getting access to finance within the platform. A Pay Later purchase invoice discounting option will be available at the checkout point on the platform, thereby helping them unlock extra funds for releasing goods on time without detention charges. The end-to-end process for onboarding is digital, and the approval time for the credit line is ~3 days. Once approved, the customer can dip into their credit line as per their requirement. They can even avail an option to increase their credit by opting for a secured loan. The platform integration offers added convenience. The customer does not have to provide invoices for financing separately. The bank receives data from ODeX directly to make the process quick and seamless. The ODeX Pay Later Solutions powered by DBS is available to customers that have been associated with ODeX for a minimum of one year and are located near a DBS Bank India SME asset branch in Mumbai, Surat, Vadodara, Ahmedabad, Chennai, Kolkata or Delhi-NCR. DBS Bank India leverages its analytics-based lending platform to digitally onboard ODeX customers. Such customers can also avail themselves of all the DBS SME Banking solutions with the DBS Edge-preferred current account. They will also get access to key solutions, including DBS Digital Business Loans- the segment-flagship online credit solutions platform by DBS offering collateral-backed credit up to INR 20Cr for the entire spectrum of micro, small and medium-sized enterprises, paperless A2 online trade transactions, an online forex booking platform, easy remittance with DBS Priority Pay, Swift GPI tracking, and much more. Customers can enjoy the bank’s customised offerings, complemented by the online banking platform – DBS IDEAL, for regular banking transactions and trade requirements.

DBS Bank Investments

28 Investments

DBS Bank has made 28 investments. Their latest investment was in Gunvor Group as part of their Line of Credit - VII on June 6, 2021.

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DBS Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/23/2021

Line of Credit - VII

Gunvor Group

$830M

No

1

4/20/2021

Corporate Minority

Shenzhen Rural Commercial Bank

$811.61M

Yes

6

7/14/2020

Series A

Metaco

$17M

Yes

5

5/31/2019

Loan

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$99M

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10

2/26/2019

Loan

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$99M

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10

Date

6/23/2021

4/20/2021

7/14/2020

5/31/2019

2/26/2019

Round

Line of Credit - VII

Corporate Minority

Series A

Loan

Loan

Company

Gunvor Group

Shenzhen Rural Commercial Bank

Metaco

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Amount

$830M

$811.61M

$17M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

6

5

10

10

DBS Bank Portfolio Exits

1 Portfolio Exit

DBS Bank has 1 portfolio exit. Their latest portfolio exit was Focus Media on December 23, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/23/2015

Reverse Merger

$99M

2

Date

12/23/2015

Exit

Reverse Merger

Companies

Valuation

$99M

Acquirer

Sources

2

DBS Bank Acquisitions

2 Acquisitions

DBS Bank acquired 2 companies. Their latest acquisition was Lakshmi Vilas Bank on November 30, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/30/2020

$99M

Acq - P2P

3

10/31/2016

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$99M

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10

Date

11/30/2020

10/31/2016

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acq - P2P

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Sources

3

10

DBS Bank Partners & Customers

10 Partners and customers

DBS Bank has 10 strategic partners and customers. DBS Bank recently partnered with Postal Savings Bank of China on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/19/2021

Partner

Postal Savings Bank of China

China

Hong Kong.19 Oct 2021. DBS Bank (Hong Kong) Limited and Postal Savings Bank of China Co. Ltd announce partnership under Wealth Management Connect scheme.

This strategic partnership creates mutually beneficial collaboration between Postal Savings Bank of China and DBS Bank .

1

10/7/2021

Partner

CredAble

India

DBS Bank India and CredAble join hands to facilitate trade financing for SME ecosystem - CredAble

DBS Bank and CredAble join hands to facilitate trade financing for SME ecosystem .

1

8/14/2021

Partner

ODeX

India

DBS Bank India Partners With Odex To Provide Hassle-free Credit Solutions To Freight Forwarders

DBS Bank announced that it has partnered with ODeX , one of India 's leading platforms , to exchange shipping documents and facilitate payments to introduce ODeX Pay Later Solutions powered by DBS Bank .

2

4/28/2021

Partner

J.P. Morgan & Co., and Temasek

United States, and Singapore

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10

4/22/2021

Distributor

Contour

Singapore

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10

Date

10/19/2021

10/7/2021

8/14/2021

4/28/2021

4/22/2021

Type

Partner

Partner

Partner

Partner

Distributor

Business Partner

Postal Savings Bank of China

CredAble

ODeX

J.P. Morgan & Co., and Temasek

Contour

Country

China

India

India

United States, and Singapore

Singapore

News Snippet

Hong Kong.19 Oct 2021. DBS Bank (Hong Kong) Limited and Postal Savings Bank of China Co. Ltd announce partnership under Wealth Management Connect scheme.

This strategic partnership creates mutually beneficial collaboration between Postal Savings Bank of China and DBS Bank .

DBS Bank India and CredAble join hands to facilitate trade financing for SME ecosystem - CredAble

DBS Bank and CredAble join hands to facilitate trade financing for SME ecosystem .

DBS Bank India Partners With Odex To Provide Hassle-free Credit Solutions To Freight Forwarders

DBS Bank announced that it has partnered with ODeX , one of India 's leading platforms , to exchange shipping documents and facilitate payments to introduce ODeX Pay Later Solutions powered by DBS Bank .

Subscribe to see more

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Sources

1

1

2

10

10

DBS Bank Team

16 Team Members

DBS Bank has 16 team members, including current Managing Director, Paul Cheng.

Name

Work History

Title

Status

Paul Cheng

Goodpack, Temasek, GIC, and Ernst & Young

Managing Director

Current

Wong Y Fan

Chief Executive Officer

Former

Jeanette Wong

Chief Financial Officer

Former

David Chin

Senior Vice President

Former

Angus Choi

Senior Vice President

Former

Name

Paul Cheng

Wong Y Fan

Jeanette Wong

David Chin

Angus Choi

Work History

Goodpack, Temasek, GIC, and Ernst & Young

Title

Managing Director

Chief Executive Officer

Chief Financial Officer

Senior Vice President

Senior Vice President

Status

Current

Former

Former

Former

Former

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