Helicap Pte Ltd (Helicap) and PT Bank Danamon Indonesia Tbk (Danamon) has today announced a strategic partnership to supportFinTech and alternative lending industry in Indonesia. This collaboration aims to position the duo as a one-stop solution for non-dilutive growth capital targeting FinTech, alternative lending firms and MSMEs across diverse segments including supply chain, leasing, e-commerce, and more.
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The synergy will leverage: Danamon’s extensive banking network, totalling over consolidated assets of IDR 221 trillion with its subsidiary, PT AdiraDinamika Multi Finance Tbk (Adira Finance), and deep banking expertise inIndonesia, unlocking invaluable insights into market access and industry expertise.
This partnership goes beyond mere capital provision. It envisions a supportive and innovative funding ecosystem catering to the debt financing needs of non-bank firms at every stage of their growth journey, from seed funding to IPO.Helicap will strive for building a robust flow of risk-managed transactions for Danamon in Indonesia, and the two aim at co-lending to targeted investees, amplifying lending capacities and impact.
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David Z Wang, CEO and Co-Founder of Helicap:”This partnership is a watershed moment for the FinTech and alternative lending industry in Southeast Asia. By combining our credit expertise and resources with Danamon’s extensive reach and banking know-how, we are creating a truly unique and comprehensive solution for FinTech and alternative lending firms across the region.”
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Andi S Wahdi, Enterprise Banking Business, Bank Danamon: “Danamon as part of MUFG, a leading global financial group as well as Japan’s largest bank, we are supported by MUFG’s strengths, expertise, and network in serving customers and facilitating business growth to create long-term value for all stakeholders. We provide innovative and appropriate financial solutions so that customers can take control of their financial needs and goals. Today we are excited to announce our partnership with Helicap as one of leader in the FinTech investment space.This collaboration aligns with our commitment for supporting innovation and driving financial inclusion in Indonesia and beyond.”
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About Helicap
Helicap is a Singapore-based FinTech firm connecting global investors to private debt opportunities in Southeast Asia. The company’s goal is to fill a $500 billion financing gap that banks are unable to serve and deploy capital to 300 million underbanked through 1,000 originators in the region.
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