Helicap

Last updated
Helicap
Industryfintech; investments
Founded2018;6 years ago (2018)
Headquarters
Singapore
Website helicap.com

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]

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References

  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. ↑ Cordon, Miguel (7 August 2019). "Singapore fintech startup Helicap acquires local securities firm Arcor Capital". www.techinasia.com. Retrieved 2023-01-12.
  7. ↑ Cordon, Miguel (28 April 2020). "Singapore lending firm Helicap scores $10m in round led by Saison Capital". 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.


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