Helicap

From Wikipedia, the free encyclopedia
Helicap
Industryfintech; investments
Founded2018
Headquarters
Singapore
Websitehttps://helicap.com/

Helicap is a Singapore-based fintech and investment company. It specialises in the private credit market in Southeast Asia.

History[edit]

The company was founded in January 2018 in Singapore by David Z Wang, Quentin Vanoekal and Jeremy Tan.[1] In May 2018, Helicap raised US$1.5 million in a seed funding round led by Teo Ser Luck, the former Minister of State for Manpower.[2][3] Other investors included Lim How Teck, Samuel Rhee, and Sam Phoen.[4] In September, Helicap raised US$5 million in a Pre-Series A round led by East Ventures and Soilbuild Group Holdings.[5]

In August 2019, Helicap acquired securities firm Arcor Capital.[6]

In April 2020, Helicap raised US$10 million in a Series A funding.[7][8] In October 2021, the company was one of the participants in the debt financing of the Funding Societies platform.[9] In the next month, Helicap was one of the backers pre-series A round of the startup Moduit.[10]

In January 2022, the company provided $15 million in debt to the startup ErudiFi.[11][12] In June of the same year, Helicap provided $15 million to the technology social enterprise iCare Benefits.[13] In the same month, Helicap raised US$5 million in a strategic funding round led by Tikehau Capital and PhillipCapital.[14] In September, the company also provided 20 million US dollars to the Philippines startup Billease.[15][16]

References[edit]

  1. ^ "Helicap raises US$1.5M seed funding round led by Singapore's ex-minister of state Teo Ser Luck". sg.news.yahoo.com. 2 May 2018. Retrieved 2023-01-12.
  2. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2023-01-12.
  3. ^ Menur, Anisa (2018-05-02). "Helicap raises US$1.5M seed funding round led by Singapore's ex-minister of state Teo Ser Luck". Yahoo! News.
  4. ^ Tegos, Michael (2018-05-02). "Startup bags funds from Singapore ex-minister to get ultra-wealthy into crowdlending". Tech in Asia.
  5. ^ "Singapore-based lending platform Helicap raises US$5M to go to Indonesia". sg.news.yahoo.com. 13 September 2018. Retrieved 2023-01-25.
  6. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2023-01-12.
  7. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2023-01-12.
  8. ^ Pillai, Sharanya (2020-04-28). "Fintech startup Helicap raises US$10m led by Saison Capital". TheBusinessTimes. Retrieved 2023-01-12.
  9. ^ Zhu, Michaelle (2021-10-07). "Funding Societies raises US$18m in debt co-led by Singapore financial institutions". Businesstimes. Retrieved 2023-01-25.
  10. ^ "Indonesia's Moduit raises funds to expand wealth offerings". Private Banker International. 2021-11-10.
  11. ^ Dhond, Ila (2022-01-17). "ErudiFi raised Helicap led US $15 M debt funding to provide students with economical tuition payment plans". Incubees. Retrieved 2023-01-12.
  12. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2023-01-12.
  13. ^ "iCare Benefits Group raises $15M facility from Singapore-based FinTech firm Helicap - Cambodia Investment Review". Retrieved 2023-01-12.
  14. ^ Staff, TechNode Global (2022-06-22). "Singapore's Helicap raises $5M from Tikehau Capital and PhillipCapital". TechNode Global. Retrieved 2023-01-12.
  15. ^ Zhu, Michelle (2022-09-12). "Philippines BNPL startup BillEase raises US$20m debt facility from Helicap". TheBusinessTimes. Retrieved 2023-01-12.
  16. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2023-01-12.