Helicap, a fintech platform provider specializing in emerging markets, facilitated a credit facility with XenCapital, the lending arm of Xendit, a fintech with operations across Southeast Asia and which has raised $515 million in venture capital funding.
“We have arrived at a significant milestone for our business,” David Z Wang, co-founder of Helicap, said. “Our partnership with XenCapital aligns with Helicap’s mission to ease access to capital to underbanked businesses in Southeast Asia, and 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 it has built in the region and its lending know-how.”
“We’re excited to partner with Helicap to further drive financial inclusion across Southeast Asia,” Moses Lo, co-founder and CEO of Xendit, said. “This collaboration enables us to expand our reach and provide much-needed capital to our merchants in the Philippines and beyond.”
