Helicap Secures $50 Million Credit Facility from Zendit’s Lending Division

Singapore-based fintech platform Helicap has closed its largest credit facility to date, securing US$50 million in partnership with XenCapital. Zendit.

Xendit, a fintech company operating across Southeast Asia, has raised US$515 million in venture capital funding.

The partnership aims to provide capital to companies in Southeast Asia, where digital lending is a fast-growing fintech sector.

Since its founding in 2021, XenCapital has provided more than $700 million in loans to businesses with a focus on managing risk and understanding merchant needs across the region.

Helicap Since 2018, we have facilitated over $370 million in transactions by using credit analytics to evaluate millions of data points and make informed lending decisions.

The company recently Raised The company raised $4.3 million in a Series B funding round led by Kenanga Investors, which contributed $4 million to the round.

“We have reached an important milestone for our business. Our partnership with XenCapital is aligned with Helicap’s mission to ease access to capital for unbanked businesses in Southeast Asia, and we are honored to work together to achieve this long-term vision.”

Helicap remains committed to driving financial inclusion in the region and is impressed with Zendit’s extensive payments ecosystem and lending expertise built in the region.”

“Helicap is a game changer,” said David Z Wang, co-founder of Helicap.

“We are pleased to partner with Helicap to further promote financial inclusion across Southeast Asia.

This partnership will enable us to expand our reach and provide much-needed financing to our merchants in the Philippines and beyond.”

Moses Loh, co-founder and CEO of Xendit, said:

Featured Image: (L-R) David Z Wang – Co-founder and CEO of Helicap Securities, Moses Lo – Founder and CEO of Xendit, Quentin Vanoekel – Co-founder and CIO of Helicap Investments