Bank Danamon Collaborates with Helicap to Provide Growth Capital to Indonesia’s Financially Underserved

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The collaboration between Helicap, a Singapore-based private investment fintech platform, and Bank Danamon aims to provide a comprehensive solution for the growth capital needs of MSMEs, fintechs, and alternative lending firms in Indonesia.

Bank Danamon, along with its subsidiary Adira Finance and significant consolidated assets, totaling over IDR 221 trillion, brings its extensive regional banking experience to the partnership. Helicap contributes its debt portfolio, proprietary data analytics, and risk management technology to the collaboration.

Through this partnership, Bank Danamon will leverage its banking infrastructure and Internet banking portal, Danamon Cash Connect, to process transactions and manage accounts for Helicap’s borrowers. This integration allows for access to a wider range of financial products, including cross-border, credit, and cash management solutions.

Helicap’s risk management technology will ensure the creation of a secure and well-managed flow of transactions, enhancing access to capital and debt financing for non-bank firms in various sectors such as supply chain, leasing, and e-commerce.

The collaboration aims to streamline processes related to cash reconciliation, fraud analytics, credit risk monitoring, and due diligence, among others, providing a seamless experience for borrowers and lenders alike.

David Wang, CEO and co-founder of Helicap, emphasizes that the partnership combines Helicap’s credit expertise and resources with Bank Danamon’s extensive reach and banking know-how, resulting in a unique and comprehensive solution for fintech and alternative lending firms across the region.

Overall, the collaboration between Helicap and Bank Danamon represents a significant step towards enhancing access to capital and financial services for businesses in Indonesia, facilitating growth and innovation in the fintech and alternative lending space.