Helicap Pte Ltd (Helicap), a prominent FinTech company, and PT Bank Danamon Indonesia Tbk (Danamon) have unveiled a strategic partnership aimed at bolstering the FinTech and alternative lending sectors in Indonesia. This alliance seeks to establish the two entities as a comprehensive resource for non-dilutive growth capital, catering to FinTech, alternative lending enterprises and MSMEs operating in various sectors such as supply chain, leasing, e-commerce, and beyond.
Danamon possesses a vast banking network, boasting consolidated assets exceeding IDR 221 trillion, including its subsidiary PT Adira Dinamika Multi Finance Tbk (Adira Finance). With extensive banking experience in Indonesia, Danamon provides invaluable market insights and industry expertise. Meanwhile, Helicap boasts a successful six-year track record of managing a diversified debt portfolio without any defaults. Leveraging cutting-edge proprietary data analytics, Helicap offers robust risk assessment, investment selection, and portfolio management capabilities.
This partnership goes beyond mere capital provision. It envisions a supportive and innovative funding ecosystem catering to the debt financing needs of non-bank firms at every stage of their growth journey, from seed funding to IPO. Together, Helicap and Danamon are poised to reshape the financial landscape of Southeast Asia, empowering FinTech and alternative lending firms to drive inclusive growth and unlock their full potential.
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David Z Wang, CEO and Co-Founder of Helicap, "This partnership is a watershed moment for the FinTech and alternative lending industry 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, we are supported by MUFG's strengths, expertise, and network in serving customers and facilitating business growth to create long-term value for all stakeholders. We provide innovative and appropriate financial solutions so that customers can take control of their financial needs and goals. Today we are excited to announce our partnership with Helicap as one of the leaders in the FinTech investment space. This collaboration aligns with our commitment for supporting innovation and driving financial inclusion in Indonesia and beyond".