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Alternative lending startup Helicap bags $6.94m in new funding round

The round was led by Temasek-backed Tikehau Capital.

Singapore-based alternative lending startup Helicap has raised $6.94m (US$5m) in fresh funds from two global asset management powerhouses led by Temasek-backed international alternative asset management group Tikehau Capital, and integrated Asian financial house PhillipCapital.

Jean-Baptiste Feat, Global Co-CIO of Tikehau Capital and Grace Tang, Executive Director at Phillip Private Equity, will join Helicap’s advisory team after the deal.

Helicap was founded in 2018. The firm provides curated access to the private placements space in SEA while financially enabling underbanked individuals and enterprises across the region.

Since its founding, Helicap as a group has arranged $208.20m (US$150m) in volume in over 300 completed deals, working closely with leading alternative lending platforms and presenting investors with positive returns throughout. To achieve this consistent performance, Helicap has developed a proprietary technology that can crunch millions of loan data points to evaluate the creditworthiness of more than 500 digital lenders and businesses across SEA and Oceania.

Helicap plans to use the new funding to improve its products and services.

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