Fintech funding platform Helicap and Financial institution Danamon have partnered to to help the fintech trade in Indonesia.
Each entities goal to supply complete development capital options to fintech and different lending companies in addition to micro, small, and medium-sized enterprises (MSMEs) throughout varied industries together with provide chain, leasing, and e-commerce.
The partnership will create a sturdy funding ecosystem by combining Danamon’s huge banking community, which incorporates over IDR 221 trillion in consolidated belongings, with Helicap’s expertise in diversified debt portfolio administration and superior knowledge analytics.
This ecosystem will help non-bank companies all through their improvement, from preliminary funding phases to potential preliminary public choices (IPOs).
The collaboration is anticipated to generate vital long-term transaction volumes for Danamon, leveraging its banking infrastructure to facilitate enterprise development by elevated transaction volumes and new account openings.
It additionally goals to reinforce Helicap Group’s visibility by offering its debtors with entry to a broader vary of monetary merchandise, together with these involving cross-border partnerships, credit score, and money administration options.
A deal with co-lending will see Helicap and Danamon working collectively to increase lending capacities and maximize influence, with an emphasis on using expertise to enhance threat administration.
Integration of Helicap’s expertise with Danamon’s banking system is projected to streamline varied monetary processes, together with money reconciliation and fraud analytics.
David Z. Wang
David Z Wang, CEO and Co-Founding father of Helicap stated,
“This partnership is a watershed second for the fintech and different lending trade in Southeast Asia.
By combining our credit score experience and assets with Danamon’s in depth attain and banking know-how, we’re creating a very distinctive and complete answer for fintech and different lending companies throughout the area.”
Andi S Wahdi
Andi S Wahdi, Enterprise Banking Enterprise Head at Financial institution Danamon stated,
“We offer modern and applicable monetary options in order that clients can take management of their monetary wants and targets. Right now we’re excited to announce our partnership with Helicap as certainly one of chief within the fintech funding area.
This collaboration aligns with our dedication for supporting innovation and driving monetary inclusion in Indonesia and past.”
Featured picture: (From left to proper) Quentin Vanoekel, Co-founder and CIO of Helicap Investments; David Z Wang, Co-founder and Group CEO of Helicap; Andi Syaiful Wahdi, Enterprise Banking Enterprise Head; Rex William Taylor, Enterprise Banking Staff Head.
