- Singapore’s Helicap and Indonesia’s Bank Danamon partnered to offer non-dilutive growth capital.
- The collaboration combines Helicap’s financing expertise with Danamon.
- They aim to boost fintech transactions and customers.
Helicap & Bank Danamon fintech partnership
Singaporean alternative lender Helicap and Indonesia’s Bank Danamon have joined forces to offer “non-dilutive growth capital” to Indonesian fintech companies from the seed stage to IPO.
This partnership aims to be a “one-stop solution” for such businesses, addressing their debt financing needs.
“The collaboration combines Helicap’s credit expertise and resources with Danamon’s extensive reach and banking know-how,” said David Z. Wang, Helicap’s CEO.
Boosting transactions & customers
Helicap borrowers will gain access to Danamon’s services, boosting transaction volume and customer count for the bank.
Additionally, Helicap’s technology will integrate with Danamon Cash Connect, their business banking platform and potential co-lending opportunities are on the table.
Helicap, founded in 2018, connects global investors with private debt opportunities across Southeast Asia, deploying over $250 million to date.
Impacting Indonesia’s fintech
Bank Danamon, acquired by Japan’s Mitsubishi UFJ Financial Group in 2019, has a well-established presence in Indonesia with a net profit of $219 million on $902 billion in net revenues in 2022.
This strategic partnership targets not only fintech but also alternative lenders and MSMEs across e-commerce and supply chain sectors.
Both players believe this collaboration will significantly impact Indonesia’s growing financial technology landscape by providing essential resources and facilitating growth for businesses seeking non-dilutive funding.
You can also read the original full article on: https://www.techinasia.com/singapores-helicap-bank-danamon-team-support-indonesian-fintech
