Fintech investment platform Helicap has raised $4.3 million in its ongoing Series B funding round, according to regulatory filings seen by regulators. Deal Street Asia.
Kenanga Investors, a subsidiary of Malaysia’s Kenanga Investment Bank, led the round, investing US$4 million.
The investment will be followed by Willa Ismits Matthew de Alwis, CEO of Kenanga Investors. HelicapBoard of Directors.
Existing backer Saison Capital, the venture capital arm of Japan’s Credit Saison, also participated in the funding round.
The $4.3 million raised to date reflects the equity portion of the Series B round, which may include other components such as debt financing in the future.
Additionally, Helicap plans to issue shares worth $1.9 million to convertible noteholders, including Tice Ventures and private investor Lee Wooey Keong.
2020, Helicap Secured The company raised $10 million in a Series A funding round, with participation from Saison Capital, East Ventures, and others.
Founded in 2018, Helicap leverages its extensive partner network to connect investors globally with private debt opportunities across Southeast Asia.
Over the past six years, Helicap has deployed more than $250 million in capital, benefiting more than 5 million small businesses and individuals.
In 2022, Helicap reported an 89% increase in revenue, reaching US$2.75 million.
However, the company also saw its losses increase, increasing 71.5% to $1.86 million during the same period.
