Helicap Explained

Industry:fintech; investments
Hq Location Country:Singapore

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

History

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]

Notes and References

  1. Web site: Helicap raises US$1.5M seed funding round led by Singapore's ex-minister of state Teo Ser Luck . 2023-01-12 . sg.news.yahoo.com . 2 May 2018 . en-SG.
  2. Web site: Tech in Asia - Connecting Asia's startup ecosystem . 2023-01-12 . www.techinasia.com . en-US.
  3. Web site: 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. Web site: Tegos . Michael . 2018-05-02 . Startup bags funds from Singapore ex-minister to get ultra-wealthy into crowdlending . Tech in Asia.
  5. Web site: Singapore-based lending platform Helicap raises US$5M to go to Indonesia . 2023-01-25 . sg.news.yahoo.com . 13 September 2018 . en-SG.
  6. Web site: Cordon . Miguel . 7 August 2019 . Singapore fintech startup Helicap acquires local securities firm Arcor Capital . 2023-01-12 . www.techinasia.com . en-US.
  7. Web site: Cordon . Miguel . 28 April 2020 . Singapore lending firm Helicap scores $10m in round led by Saison Capital . 2023-01-12 . www.techinasia.com . en-US.
  8. Web site: Pillai . Sharanya . 2020-04-28 . Fintech startup Helicap raises US$10m led by Saison Capital . 2023-01-12 . TheBusinessTimes.
  9. Web site: Zhu . Michaelle . 2021-10-07 . Funding Societies raises US$18m in debt co-led by Singapore financial institutions . 2023-01-25 . Businesstimes.
  10. Web site: 2021-11-10 . Indonesia's Moduit raises funds to expand wealth offerings . Private Banker International.
  11. Web site: Dhond . Ila . 2022-01-17 . ErudiFi raised Helicap led US $15 M debt funding to provide students with economical tuition payment plans . 2023-01-12 . Incubees . en-US.
  12. Web site: Tech in Asia - Connecting Asia's startup ecosystem . 2023-01-12 . www.techinasia.com . en-US.
  13. Web site: iCare Benefits Group raises $15M facility from Singapore-based FinTech firm Helicap - Cambodia Investment Review . 2023-01-12 . en-US.
  14. Web site: Staff . TechNode Global . 2022-06-22 . Singapore's Helicap raises $5M from Tikehau Capital and PhillipCapital . 2023-01-12 . TechNode Global . en-US.
  15. Web site: Zhu . Michelle . 2022-09-12 . Philippines BNPL startup BillEase raises US$20m debt facility from Helicap . 2023-01-12 . TheBusinessTimes.
  16. Web site: Tech in Asia - Connecting Asia's startup ecosystem . 2023-01-12 . www.techinasia.com . en-US.

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