Bank Danamon partners Helicap to bring growth capital to Indonesia’s financially underserved

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.