- Singapore-based private investment fintech platform Helicap has partnered with Bank Danamon to create a comprehensive solution for MSMEs, fintechs, and alternative lending firms’ growth capital needs in Indonesia.
- Bank Danamon, along with its subsidiary Adira Finance, will leverage its regional banking experience, banking infrastructure, and internet banking portal, Danamon Cash Connect.
- The partnership aims to provide a one-stop solution for access to capital and debt financing for non-bank firms in sectors such as supply chain, leasing, and e-commerce.
- Helicap will contribute its debt portfolio, proprietary data analytics, risk management technology, and expertise to enhance the overall solution.
- The collaboration is expected to streamline processes related to cash reconciliation, fraud analytics, credit risk monitoring, and due diligence.
- The partnership aims to create a unique and comprehensive solution for fintech and alternative lending firms, leveraging both parties’ strengths and resources.
