Profile

Company purpose statement:
To pioneer tomorrow’s financial future by building a more inclusive and sustainable financial ecosystem.

Company’s mission:
Helicap’s mission is to bridge Southeast Asia’s substantial financing gap by providing liquidity to alternative lenders, thereby enabling financial access for millions of underbanked micro, small, and medium-sized enterprises (MSMEs) in the region.

Visit www.helicap.com

Key Products

Private Credit Investments

Helicap connects global investors with curated private credit investment opportunities in Southeast Asia. The platform addresses a $500 billion financing gap by enabling investments in underbanked micro, small, and medium-sized enterprises (MSMEs) through partnerships with alternative lenders.

Helicap Fund

Helicap manages a flagship private credit fund focused on non-bank financial institutions (NBFIs) across Southeast Asia. By collaborating with these institutions, the fund aims to expand financial access for the region’s underbanked populations. Since its inception, the fund has consistently delivered market-neutral returns with zero defaults, offering an appealing diversification option for both institutional and individual investors.

Data-Driven Loan Assessment

Helicap provides a proprietary, sector- and country-agnostic platform that analyzes millions of raw data points to evaluate borrower creditworthiness. The platform includes a comprehensive suite of modules such as predictive analytics, fraud detection, and dynamic risk analysis, enabling investors to identify and manage risks at every stage.

Additionally, Helicap has developed an entirely online deal platform that grants its exclusive investor base access to unique co-investment opportunities. This platform allows investors to explore curated private investments designed to deliver high-quality returns from the convenience of their own homes.

Key Executives

David Z Wang, Co-Founder and Group CEO

David co-founded Helicap in 2018 and serves as the Group CEO. He has extensive experience in private equity, venture capital, and fintech, having held leadership roles in financial institutions before Helicap. David has a decade of experience across investment banks – Morgan Stanley, Credit Suisse, and Nomura. He left banking in 2016 to establish 33 Capital, a tech-focused investment firm investing in FinTech and e-commerce startups in Southeast Asia. Among its successes, 33 Capital led a Series B investment in a FinTech payments company which was recently listed on the Singapore Stock Exchange. He was awarded Top FinTech Leader by the Singapore FinTech Association in 2019 and was a Singapore Founder Finalist for the MAS FinTech Awards in 2020.

Jeremy Tan, Co-Founder and Chief Operating Officer

Jeremy is responsible for overseeing day-to-day operations at Helicap. With his background in financial software and alternative investments, Jeremy has played a key role in building the company’s operational framework and scaling its operations​. Jeremy was a Director at Jia Shing Enterprise – a family owned- business and family office in Singapore – and a Director at JL Capital, which managed a billion dollar Global Macro Hedge Fund. Throughout his career, he spent considerable time at both front and back office functions, and spearheaded the launch of a structured bond fund; and launched numerous new funds in various jurisdictions including Singapore, Delaware, the Cayman Islands, Mauritius and Cyprus.

Quentin Vanoekel, Co-Founder, Chief Investment and Financial Officer

Quentin brings over 15 years of investment experience across Southeast Asia. Before co-founding Helicap, he was a venture partner at renowned venture capital firms, including 33 Capital and Via iD, and the Deputy CFO of MC Payment, a regional FinTech company providing omni-channel payment solutions, where he met his fellow co-founder David Z Wang. Prior to that, Quentin was an Executive Director at Bongo Capital, a family office investing across industries in Indonesia and Europe. He was also part of the founding team that set up and ran the asset management arm for the group, during which he obtained the Investment Manager License certified by Indonesia’s OJK in 2012 (fka Bapepam-LK). At Helicap, he manages investment strategies and oversees financial operations, focusing on the company’s risk management and deployment of private capital​.

Jitendra Jaitawat, Chief Technology Officer, Co-Founder of Helix

Jitendra leads the development of Helicap’s proprietary technology platform, which processes large volumes of loan data to manage risk effectively. His expertise is crucial in driving the company’s tech-driven approach to alternative financing​. He is also a former Executive Director with Goldman Sachs Technology, possesses more than 15 years of experience in Financial Services building mission critical Portfolio Management & Trading platforms and leading complex enterprise scale build-outs. Started his career with IBM as an Application Programmer in 2006, before joining Goldman Sachs in 2008, where he worked more than a decade holding various roles across Tokyo and Singapore.

Cheryl Tay, Director of Sales & Partnership

Cheryl is Helicap’s Director of Sales and Partnerships. She has managed investments for ultra-high and high-net-worth clients at Citibank, Morgan Stanley, Credit Suisse, and Maybank Private Banking for the past decade. In her extensive experience, she has managed portfolios based on solutions across a variety of asset classes. She holds a Bachelor’s Degree with Honors in Science, majoring in Life Science with a concentration in Biomedical Science from the National University of Singapore.

Customer Insights

“Helicap has invested in and developed its proprietary technology to provide a cutting edge in the analysis and understanding of the private debt space. Their in-depth knowledge and expertise makes them the go-to partner in launching this impact debt financing pilot.” – Kosuke Mori, Board Director at Credit Saison

“As a registered client on the Helicap platform, I am most compelled by the professionalism and rigor of the team. I have real-time access to my investment portfolio, and I have been delighted with the performance of my assets that I have deployed through Helicap, even throughout the pandemic.” – Adrian Tan, Director of a Global Investment Bank

“We firmly believe in Helicap’s compelling value proposition. Helicap’s philosophy is very much in line with ours, and their data-driven risk management framework is very effective in this regard. This investment in Helicap from our own balance sheet demonstrates our long view for the alternative financing industry in Southeast Asia and our backing of a team that will shape this growing space.” – Jean-Baptiste Feat – Global Co-CIO / Co-Head of Asia at Tikehau Capital

Visit for more Insights here.

Investors

Kenanga Investment Bank:

In 2024, the company secured a Series B round, which was led by Kenanga Investment Bank Berhad from Malaysia. This investment solidified Kenanga’s commitment by acquiring an 8% stake in the company. Subsequently, Kenanga Group’s stake will be further increased in the near future to approximately 10%, making Kenanga Group the largest institutional investor in Helicap. Securing an institutional investor like Kenanga signals strong confidence in Helicap’s business model and future potential, reinforcing its position in the fintech and alternative lending sector. This Investment builds upon Kenanga Group’s broader digitalisation initiatives, following its successful investments into Rakuten, CapBay, Tokenize Malaysia and Merchantrade.

Kenanga Investment Bank Berhad is one of Malaysia’s leading independent investment banks, with a strong reputation in the financial industry. Established in 1973, Kenanga offers a wide range of services, including investment banking, stockbroking, wealth management, and corporate advisory. The bank is particularly well-known for its role in equity and debt capital markets, structured products, and asset management.

Xendit/XenCapital:
Helicap recently closed a major funding deal with XenCapital, the lending arm of fintech unicorn Xendit. In September 2024, Helicap facilitated a $50 million credit facility to empower underbanked businesses across Southeast Asia, particularly focusing on Indonesia, the Philippines, and beyond. This collaboration between Helicap and XenCapital aims to improve capital access for Southeast Asia’s growing SME sector.

Xendit, a payment gateway with operations in Indonesia, the Philippines, and Malaysia, offers alternative lending through its arm XenCapital. With over $700 million in loans disbursed, XenCapital serves underbanked businesses across Southeast Asia

Competitors

Funding Societies (also known as Modalku)

One of Southeast Asia’s largest digital financing platforms, Funding Societies provides financing solutions to small and medium-sized enterprises (SMEs) across the region. They offer P2P lending services similar to Helicap and have raised significant funding from venture capital to expand their operations.

Validus

Validus is a leading SME financing platform in Southeast Asia, offering P2P lending solutions to SMEs across Singapore, Indonesia, and Vietnam. Like Helicap, Validus provides alternative credit and focuses on helping underserved businesses access capital through its digital platform. Validus has attracted considerable venture capital backing and competes directly with Helicap for market share in SME lending.

Aspire

Aspire is a prominent fintech company offering a digital platform for small businesses, providing quick and easy financing, as well as business management tools such as accounting software and corporate cards. Aspire aims to help SMEs grow by providing credit facilities and digital solutions, competing with Helicap in the business finance sector.​

Corporate Responsibility

To pioneer tomorrow’s financial future by building a more inclusive and sustainable financial ecosystem.

Mission-Driven Impact

Helicap’s mission focuses on bridging the financing gap in Southeast Asia, targeting underbanked micro, small, and medium-sized enterprises (MSMEs). By providing liquidity to alternative lenders, Helicap enables millions of businesses that would otherwise lack access to traditional banking systems to thrive​.

Environmental, Social, and Governance (ESG)

Helicap is committed to responsible investing by integrating ESG principles into its private credit investments. Their data-driven approach ensures that they identify and support businesses that align with sustainable practices, focusing on generating positive social outcomes for underbanked populations while minimizing environmental impact.

Diversity, Equity, and Inclusion (DE&I)

Helicap actively promotes diversity within its organization and its investment portfolio. The company recognizes the importance of supporting businesses and lenders that prioritize inclusion and social equity, particularly in underserved regions.