Helicap is a Singapore-based fintech startup. The startup offers alternative lending services in Southeast Asia and Australia. Helicap acquires securities Arcor Capital for an undisclosed sum.
Arcor Capital will join Helicap investments under Helicap Group. Meanwhile, Helicap Investments is the group’s newly obtained fund management subsidiary. Besides, it will launch its first fund with a target of S$ 200 million. It plans to invest in a portfolio of loans elected from alternative lending platforms operating in Asia.
Helicap will later use Arcor Capital and Helicap Investment to raise S$250 million in the capital, from accredited investors. Besides, Helicap CEO emphasizes that this acquisition is a landmark moment for the startup 18 month anniversary.
Also read: Modest growth of Sri Lanka Fintech
Last September, Helicap raised $5 million in a pre-series A round. That was led by East Ventures and property firm Soilbuild Group Holdings. Besides, the company has also raised a seed funding round of US$ 1.5 million. The round was led by Singapore’s former Minister of State and the Chairman of Nufin Data, Teo Ser Luck.
Helicap Investments currently screens and accesses data for more than $200 million in qualified loans. Those loans are for business owners and individuals. Moreover, those loans are accessible for those who are in Singapore, Indonesia, Philippines, Cambodia, Australia, and Hong Kong.
Arcor Capital
Arcor Capital is a Singaporean company. It specializes in private debt securities and growth capital. The company targets early-stage and mid-market enterprises in Asia. Arcor Capital holds a Capital Markets Services (CMS) license for dealing in securities from the Monetary Authority of Singapore (MAS).
Also read: Modest growth of Sri Lanka Fintech
After the acquisition, co-founders and managing partners of Arcor Capital will retain senior management roles and senior advisor to the company.
With this acquisition, Arcor will work with Helicap to raise $180 million in the capital. On top of all, this acquisition enhances the Group’s leading position in the alternative lending market. Moreover, the group will also have the ability to immediately ramp up our engagement with sophisticated investors via debt securities fundraising and credit fund management.
