GXS Bank is a digital bank launched in August 2022 that offers savings accounts and flexible lending products. Its savings account supports deposits up to S$75,000 with no minimum balance or lock‑in, paying 2.68% for Saving Pockets and 2.38% for the main account. The bank also offers the GXS FlexiLoan, a product combining a credit line and personal installment loan that allows partial or full early repayments without penalties and multiple drawdowns without repeated underwriting. Financially, GXS Bank reported a sixfold increase in net interest income for the year but still saw losses widen 59% for the year ended 31 December 2023. The loss grew to S$208.2 million in 2023 from S$131.1 million in 2022. The bank continues to be capitalized by its parent companies as it scales product offerings.

Total raised

$169M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2024