Helicap, a leading fintech platform provider specializing in emerging markets, has announced a major collaboration with XenCapital, the lending arm of fintech unicorn Xendit. Together, they have successfully facilitated a US$50 million credit facility aimed at driving financial inclusion for underbanked businesses in Southeast Asia.
This partnership marks a significant milestone in the fintech industry, which has been experiencing tremendous growth in the region.
Xendit is a Southeast Asian fintech that provides payment infrastructure across various countries in the region. It simplifies the payment process and offers solutions for businesses across SEA, which includes the Philippines, Malaysia, and Indonesia. As one of Southeast Asia’s top fintech unicorns, the company has raised US$515 million in venture capital funding since its inception.
With a strong focus on digital lending, XenCapital has emerged as a key player in the lending space, disbursing over US$700 million in loans to businesses across the region since 2021. This collaboration with Helicap aligns with the mission of both companies to provide easier access to capital for underserved businesses.
Helicap’s rapid growth in Southeast Asian digital lending
The digital lending sector in Southeast Asia has been the most active fintech subsector in 2023, with strong growth anticipated to continue through 2024 and beyond. According to industry projections, the sector is expected to grow by another 33% in 2025. This growth is fueled by an increasing demand for digital financial services, particularly in countries with large unbanked and underbanked populations.
XenCapital has become a leader in digital lending by leveraging its deep understanding of the region’s unique needs and challenges. With its robust risk management strategies, XenCapital has successfully tailored its lending solutions to meet the requirements of merchants and businesses across Southeast Asia.
“We have arrived at a significant milestone for our business,” said David Z. Wang, Co-founder of Helicap. “Our partnership with XenCapital aligns with Helicap’s mission to ease access to capital for underbanked businesses in Southeast Asia. We are honored 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 and lending expertise.”
Helicap: Driving financial inclusion in Southeast Asia
Xendit, known for its comprehensive payment ecosystem across the Southeast Asian region, has played a pivotal role in advancing financial inclusion. Through its lending arm, XenCapital, Xendit has provided crucial financial support to businesses that traditionally lack access to credit.
“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.
With the new US$50 million credit facility, the partnership between Helicap and XenCapital will allow them to further empower businesses in Southeast Asia, providing access to the capital they need to grow and thrive. The partnership will not only support businesses but also contribute to economic growth in the region.
Leveraging advanced credit analytics
Helicap has earned a strong reputation for its use of advanced credit analytics, which enables the company to evaluate millions of loan data points and make informed lending decisions. Since its founding in 2018, Helicap and its regulated subsidiaries have facilitated over US$370 million in transactions. Their innovative approach to credit evaluation ensures that businesses can access funding responsibly and sustainably.
This collaboration between Helicap and XenCapital represents a powerful synergy in the fintech space, combining the strengths of two industry leaders to create new opportunities for businesses across Southeast Asia. By providing access to capital and driving financial inclusion, both companies are playing a critical role in supporting the region’s ongoing economic development.
As the Southeast Asian digital lending market continues to grow, the partnership between Helicap and XenCapital is expected to have a lasting impact, opening new doors for businesses and contributing to the overall financial health of the region.
1https://www.researchinindonesia.com/insight/digital-lending-in-sea-overview
This Press Release has also been published on VRITIMES