Singapore – Helicap, a financial technology company based in Singapore, has recently announced its strategic collaboration with Bank Danamon, aiming to bolster Indonesia’s financial technology landscape and alternative lending industry.
In this partnership, Helicap will leverage their credit expertise and resources with Danamon’s extensive banking reach and know-how, offering crucial insights and solutions into market access and industry expertise across the region.
The two parties will also utilise Helicap’s proven track record of debt portfolio and proprietary data analytics. This will provide them with strong capabilities in risk assessment, investment selection, and portfolio management.
Furthermore, highlights of the collaboration include long-term volume generation, with a focus on utilising Danamon’s banking infrastructure and product suite to drive business growth. This will be achieved through transaction volume and account openings for Helicap Group’s borrowers, fostering seamless integration.
It also enables robust transaction flow and co-lending, with Helicap aiming to establish a strong flow of risk-managed transactions for Danamon in Indonesia. With this, the two will target co-lending to specific investors, increasing lending capacities and impact.
Lastly, with the integration of Helicap’s technology with Danamon’s banking infrastructure through Danamon Cash Connect, this synergy will streamline processes including cash reconciliation, fraud analytics, credit risk monitoring, due diligence, and bank account pledge.
Talking about the collaboration, David Z Wang, CEO and co-founder at Helicap, commented, “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.”
Andi S. Wahdi, enterprise banking business head at PT Bank Danamon Indonesia Tbk, also said, “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,” concluded Andi.
This strategic partnership is aimed at establishing the two as a one-stop solution for non-dilutive growth capital, which targets FinTech, alternative lending firms, and MSMEs across diverse segments including supply chain, leasing, e-commerce, and more.
It also extends beyond capital provision, envisioning a supportive and innovative funding ecosystem that caters to the debt financing needs of non-bank firms at every stage of their growth journey.
