Helicap, a Singapore-based fintech platform, has closed its largest credit facility to date, securing US$ 50 million in collaboration with XenCapital, the lending arm of Xendit.

Xendit, a fintech company operating across Southeast Asia, has raised US$ 515 million in venture capital funding.

This partnership aims to provide capital to businesses in Southeast Asia, where digital lending has been a rapidly growing fintech sector.

XenCapital, since its inception in 2021, has disbursed over US$ 700 million in loans to businesses, focusing on risk management and understanding merchant needs across the region.

Helicap has facilitated more than US$ 370 million in transactions since 2018, using credit analytics to assess millions of data points to make informed lending decisions.

The company had recently raised US$4.3 million in a Series B funding round led by Kenanga Investors who contributed US$4 million to the round.

“We have arrived at a significant milestone for our business. Our partnership with XenCapital aligns with Helicap’s mission to ease access to capital to underbanked businesses in Southeast Asia, and we are honoured to work together to achieve this long-term vision.

Helicap remains committed to driving financial inclusion in the region, and we are impressed by Xendit’s extensive payment ecosystem it has built in the region and its lending know-how.”

said David Z Wang, Co-founder of Helicap.

“We’re excited to partner with Helicap to further drive financial inclusion across Southeast Asia.

This collaboration enables us to expand our reach and provide much-needed capital to our merchants in the Philippines and beyond,”

said Moses Lo, Co-founder and CEO of Xendit.

Featured image: (From left to right) David Z Wang – Co-Founder & CEO of Helicap Securities, Moses Lo – Founder & CEO of Xendit, Quentin Vanoekel – Co-Founder & CIO of Helicap Investments