Fintech player Helicap Pte Ltd has partnered with PT Bank Danamon Indonesia Tbk (Danamon) to establish the duo as a pivotal source of non-dilutive growth capital for fintech companies, alternative lending firms, and micro, small, and medium enterprises (MSMEs) across various sectors, including supply chain, leasing, e-commerce, and more.
The partnership draws on the strengths of both organizations: Danamon’s extensive banking network, inclusive of over IDR 221 trillion in consolidated assets through its subsidiary, PT Adira Dinamika Multi Finance Tbk (Adira Finance), and its deep-rooted banking expertise in Indonesia.
This alliance is set to unlock invaluable market insights and industry expertise. Complementing this, Helicap brings to the table its impressive six-year track record of a diversified debt portfolio with no defaults, alongside its state-of-the-art proprietary data analytics for enhanced risk assessment, investment selection, and portfolio management.
This collaborative effort transcends the mere provision of capital. It envisions fostering a supportive and innovative funding ecosystem that caters to the debt financing needs of non-bank firms throughout their evolutionary stages, from seed funding to initial public offerings (IPOs).
A central aspect of this partnership is the utilization of Danamon’s banking infrastructure and product suite to catalyze business growth through increased transaction volume and account openings from Helicap Group’s borrowers.
This ensures a seamless integration that enhances the visibility for Helicap Group, opening doors to a wider range of product offerings for its borrowers, including opportunities for cross-border collaborations, and access to credit and cash management solutions.
Moreover, Helicap and Danamon are committed to creating a robust flow of risk-managed transactions in Indonesia, with aspirations of co-lending to specifically targeted investees. This effort is aimed at amplifying lending capacities and impact.
Integrating Helicap’s technological prowess with Danamon’s banking infrastructure, specifically through Danamon Cash Connect, will facilitate streamlined cash reconciliation, fraud analytics, credit risk monitoring, due diligence, and bank account pledge processes.
This partnership is poised to reshape the financial landscape of Southeast Asia, empowering FinTech and alternative lending firms to drive inclusive growth and unleash their full potential.
David Z Wang, CEO and Co-Founder of Helicap, heralded the partnership as a milestone for the region’s FinTech and alternative lending industry.
“By marrying our credit expertise and resources with Danamon’s extensive reach and banking know-how, we are forging a unique and comprehensive solution for the region’s FinTech and alternative lending firms,” Wang stated.
Echoing this sentiment, Andi S Wahdi, Enterprise Banking Business Head at Danamon, underscored the collaboration’s alignment with MUFG’s global capabilities and commitment to fostering innovation and financial inclusion in Indonesia and beyond.
“Our partnership with Helicap, a leader in the FinTech investment space, is a thrilling step forward in creating long-term value for all stakeholders and offering innovative financial solutions,” Wahdi expressed.