Singapore’s Helicap partners Credit Saison to help low-income borrowers and micro-entrepreneurs: CEO

Written by Ursula Florene, Khamila Mulia Published on 

To date, Helicap has facilitated around USD 40 million in alternative lending to more than 150,000 SMEs and individuals.

Fintech lending startup Helicap on Tuesday announced a strategic partnership with Japanese financial services group Credit Saison. The group will be deploying USD 10 million in impact debt financing in selected Southeast Asian alternative lending platforms and non-bank financial institutions.

Credit Saison will use Helicap’s credit analytics tool, which is able to process large amounts of loan data, providing real-time credit insights, according to the company. Co-founder and CEO David Z. Wang told KrASIA that the collaboration will especially help low-income borrowers and micro-entrepreneurs in Vietnam and Indonesia.

Wang said that they have so far, as a group and via its subsidiaries, facilitated around USD 40 million in alternative lending, enabling debt access to more than 150,000 small and medium enterprises (SMEs) and individuals. The company also evaluated over 300 alternative lending platforms and invested in 15 through its subsidiaries.

Helicap closed a USD 10 million funding round in April led by Saison Capital, the corporate venture capital subsidiary of Credit Saison. “We have been focused over the past year on developing and refining our tech, specifically, our credit analytics platform and risk management frameworks on the back end, as well as our investor onboarding and investment management interfaces on the front end,” Wang said.


You might like these

  • News

    China prohibits proxy sale of bank deposit products


    Wency Chen

    18 Jan 2021    06:44 AM

KrASIA InsightsKrASIA Insights

  • By catering to the global hunger for EVs and its domestic economic growth, Indonesia risks destroying its own environment.


    Indonesia’s EV battery aspirations unearth mining waste problems

    By Ursula Florene

    15 Jan 202101:05 AM

Most PopularMost Popular

See All