Helicap & Bank Danamon team to fuel FinTech and Alternative Lending across SEA

By Gloria Mathias

FinTech firm Helicap and Bank Danamon Indonesia have announced a partnership to support FinTech and the 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, eCommerce, and more.

This partnership goes beyond mere capital provision. It envisions a supportive funding ecosystem catering to the debt financing needs of non-bank firms at every stage of their growth journey, from seed funding to IPOs.

Key highlights of the partnership:

• Long-term volume generation: Danamon’s banking infrastructure and product suite will be utilised to drive business growth for Danamon through transaction volume and account openings of Helicap Group’s borrowers, fostering seamless integration. Enhanced visibility for Helicap Group, as it unlocks access to a wider range of products for its borrowers, including cross-border collaborations, credit, and cash management solutions.
• Robust transaction flow and co-lending: Helicap will strive to build a robust flow of risk-managed transactions for Danamon in Indonesia, and the two aim at co-lending to targeted investors, amplifying lending capacities and impact.
• Technology utilisation for enhanced risk management: Combining Helicap’s technology with Danamon’s banking infrastructure via Danamon Cash Connect will streamline cash reconciliation, fraud analytics, credit risk monitoring, due diligence, and bank account pledge processes.

David Z. Wang, CEO and Co-Founder of Helicap, said, “This partnership is a watershed moment for the FinTech and alternative lending industries 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, said, “Danamon, as part of MUFG, a leading global financial group as well as Japan’s largest bank, is supported by MUFG’s strengths, expertise, and network in serving customers and facilitating business growth to create long-term value for all stakeholders. Today we are excited to announce our partnership with Helicap as one of the leaders in the FinTech investment space.”