Helicap has raised $4.3 million in Series B funding that has been led by Kenanga Investors.
Helicap, a fintech investment platform, has acquired $4.3 million via its Series B round, as disclosed in regulatory filings.
Kenanga Investors, which is a subsidiary of Malaysia-based Kenanga Investment Bank, was listed as the main investor, providing $4 million to the investment round.
With this sizable investment, Wira Ismitz Matthew De Alwis, CEO of Kenanga Investors, will now be joining Helicap‘s board of directors.
Existing investor Saison Capital, the VC unit of Japan’s Credit Saison, also took part in the round.
The funds secyed thus far reflects the equity part of the Series B, which may eventually consist other components like debt financing.
In addition, Helicap is expected to issue$1.9 million in shares to convertible noteholders that which reportedly include Taisu Ventures as well as investor Lee Ooi Keong.
Helicap had acquired $10 million in 2020 via its Series A round with participation from Saison Capital, East Ventures, as well as other backers. Established in 2018, Helicap connects international investors with private debt deal/opportunities across Southeast Asia.
During the last few years, Helicap has provided more than $250 million in capital, significantly assisting MSMEs as well as individuals.
Helicap experienced nearly a 90% surge in revenue back in 2022, hitting $2.75 million. But the business also reported losses that increased by 71.5% to $1.86 million during this period.
Helicap claims that it is one of the first fintech fund management investment platforms specializing in “the alternative lending space in Southeast Asia, Hong Kong, and Australia.”
As agnostic investors, they claim to promote the industry’s best practices through their expertise.
Over the last few years, they have raised “more than US$30 million in paid-up capital and deployed US$300 million worth of capital with our in-house data analytics expertise.”
By leveraging this advanced data-processing capability, they have built exclusive networks with hundreds of platform partners, “who have access to 200 million potential borrowers in the region.”
Through their platform, they enable them to “transform the way corporates and consumers access credit.”
