Helicap bags $50m in credit facility from Xendit’s XenCapital

By Gloria Mathias

Helicap, a FinTech platform provider, has announced the successful facilitation of a credit facility with XenCapital, the lending arm of Xendit, a FinTech unicorn with operations across Southeast Asia that has raised $515 million in venture capital funding.

Digital lending was the active Southeast Asian FinTech subsector in 2023, growing 33% in 2024 and projected to grow another 33% in 2025. XenCapital has demonstrated its merchants in the lending space, having disbursed over $700 million in loans to businesses across Southeast Asia since its inception in 2021.

“We have arrived at a significant milestone for our business,” said David Z Wang, Co-founder of Helicap. “Our partnership with XenCapital aligns with Helicap’s mission to ease access to capital to underbanked businesses in Southeast Asia, and we are honoured to work together to achieve this long-term vision. Helicap remains committed to driving financial inclusion in the region, and we are impressed by Xendit’s extensive payment ecosystem it has built in the region and its lending know-how.”

“We’re excited to partner with Helicap to drive financial inclusion across Southeast Asia further. This collaboration enables us to expand our reach and provide much-needed capital to our merchants in the Philippines and beyond,” said Moses Lo, Co-founder and CEO of Xendit.

Helicap, together with its regulated subsidiaries, has facilitated over $370 million in transactions since 2018. Leveraging advanced credit analytics to evaluate millions of loan data points, Helicap ensures informed and responsible decision-making.

This collaboration between Helicap and XenCapital represents a synergistic alliance dedicated to empowering businesses and driving economic growth in Southeast Asia.