Fintech Helicap Raises US$ 1.5 Million in Seed Round

Helicap, a FinTech start-up operating in the fast-growing alternative lending space in South-East Asia and Australia, today announced that it has successfully closed US$1.5 million in seed money.

The round is led by Singapore’s former Minister of State for Manpower and the Chairman of Nufin Data, Mr Teo Ser Luck, who will also join Helicap’s board of directors. Helicap’s investors and advisers include Mr Lim How Teck - Chairman of Heliconia Capital; Mr Samuel Rhee – former CEO and CIO of Morgan Stanley Investment Management Asia; and Sam Phoen – former GIC and ANZ Senior Management.

(L-R:) David Z Wang (Helicap) and Teo Ser Luck
There are over 2.9 million SMEs in Southeast Asia and Australia - which face a credit gap of US$ 187.2 billion. Currently, only a small fraction of this funding gap is met by traditional market players. Coupled with low interest rates and a lack of scale capital for alternative lenders, there is a large, untapped market opportunity for alternative lending platforms to secure high returns on data driven investments in this space.

That’s where Helicap comes in - its proprietary platform raises capital and utilises big data to analyse regional players, thereby allowing them to make superior and consistent investment returns via alternative channels such as microfinance institutions, SMEs, and peer-to-peer (P2P) crowdfunding platforms. In doing so, Helicap’s platform provides institutional investors, family offices and high-net-worth individuals access to over 10% income returns on diversified prime private debt assets.

Mr David Z Wang, co-founder, stated that Helicap is positioned as a Capital-as-a-Service company, hence the focus is in enhancing investor returns for both customers and partners - Funding Societies is a customer of Helicap.

Mr Teo Ser Luck explained that Nufin Data’s collaboration with Helicap will help his company attain its goal to provide more enterprises with fast and secure access to competitive supply chain financing options.

Kelvin Teo – Co-founder and CEO of Southeast Asia’s largest Crowdfunding company, Funding Societies – noted that the scale capital that Helicap provides, is a massive welcome for his firm and the industry.