Helicap, a Singapore-based fintech company specialising in alternative lending, has announced a strategic partnership with Japanese financial services group Credit Saison.
The group will deploy US$10 million in impact debt financing through a pilot focusing on the growing alternative lending sector that serves financially underserved and excluded individuals and enterprises in Southeast Asia.
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As per a press note, Credit Saison will leverage its presence in the region as well as the resources and capabilities of Helicap to invest in select alternative lending platforms and non-bank financial institutions in Southeast Asia, with the intent of bolstering financial inclusion in the region.
Credit Saison’s venture arm Saison Capital was the lead investor in Helicap’s US$10 million Series A funding round in November 2019.
“Our collaboration with the Credit Saison group will create a significant impact, especially for low-income borrowers and micro-enterprises in Vietnam and Indonesia,”said David Z. Wang, Co-founder and CEO of Helicap.
The pilot will be jointly led by Credit Saison’s network of local lending institutions in the region and Helicap’s proprietary credit analytics engine.
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This technology has been utilised by Helicap’s fund management subsidiary since 2019 to analyse, structure and monitor a diversified portfolio of alternative lenders.
Helicap is a fintech-driven investment firm specialising in the alternative lending space in Southeast Asia and Australia. The Singapore-based firm claims these algorithms will enable increasing volumes of targeted investments by the Credit Saison group and other Helicap partners and investors to serve over 300 million underbanked SMEs and individuals in Southeast Asia.
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Image Credit: Helicap
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