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Helicap and Bank Danamon Forge Strategic Partnership to Empower FinTech and Alternative Lending Across Southeast Asia

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SINGAPORE, Feb. 22, 2024 /PRNewswire/ — Leading FinTech firm Helicap Pte Ltd (Helicap) and PT Bank Danamon Indonesia Tbk (Danamon) has today announced a strategic partnership to support FinTech and alternative lending industry in Indonesia. This collaboration aims to position the duo as a one-stop solution for non-dilutive growth capital targeting FinTech, alternative lending firms and MSMEs across diverse segments including supply chain, leasing, e-commerce, and more.

The synergy will leverage:

Danamon’s extensive banking network, totalling over consolidated assets of IDR 221 trillion with its subsidiary, PT Adira Dinamika Multi Finance Tbk (Adira Finance), and deep banking expertise in Indonesia, unlocking invaluable insights into market access and industry expertise.Helicap’s proven diversified debt portfolio track record of 6 years with no defaults, and cutting-edge proprietary data analytics, offering strong risk assessment, investment selection, and portfolio management capabilities.

This partnership goes beyond mere capital provision. It envisions a supportive and innovative funding ecosystem catering to the debt financing needs of non-bank firms at every stage of their growth journey, from seed funding to IPO.

Key highlights of the partnership:

Long-term volume generation: Danamon’s banking infrastructure and product suite will be utilised to drive business growth for Danamon through transaction volume and account openings of Helicap Group’s borrowers, fostering seamless integration. Enhanced visibility for Helicap Group, as it unlocks access to a wider range of products for its borrowers, including cross-border collaborations, credit and cash management solutions.Robust transaction flow and co-lending: Helicap will strive for building a robust flow of risk-managed transactions for Danamon in Indonesia, and the two aim at co-lending to targeted investees, amplifying lending capacities and impact.Technology utilization for enhanced risk management: Combining Helicap’s technology with Danamon’s banking infrastructure via Danamon Cash Connect will streamline cash reconciliation, fraud analytics, credit risk monitoring, due diligence, and bank account pledge processes.

Together, Helicap and Danamon are poised to reshape the financial landscape of Southeast Asia, empowering FinTech and alternative lending firms to drive inclusive growth and unlock their full potential.

Key Quotes:

David Z Wang, CEO and Co-Founder of Helicap: “This partnership is a watershed moment for the FinTech and alternative lending industry in Southeast Asia. By combining our credit expertise and resources with Danamon’s extensive reach and banking know-how, we are creating a truly unique and comprehensive solution for FinTech and alternative lending firms across the region.”

Andi S Wahdi, Enterprise Banking Business Head said “Danamon as part of MUFG, a leading global financial group as well as Japan’s largest bank, we are supported by MUFG’s strengths, expertise, and network in serving customers and facilitating business growth to create long-term value for all stakeholders. We provide innovative and appropriate financial solutions so that customers can take control of their financial needs and goals. Today we are excited to announce our partnership with Helicap as one of leader in the FinTech investment space. This collaboration aligns with our commitment for supporting innovation and driving financial inclusion in Indonesia and beyond.”

About Helicap:

Helicap is a Singapore-based FinTech firm connecting global investors to private debt opportunities in Southeast Asia. The company’s goal is to fill a $500 billion financing gap that banks are unable to serve and deploy capital to 300 million underbanked through 1,000 originators in the region. The company’s equity backers include Japanese financial services firm Credit Saison, Temasek-backed alternative investments firm Tikehau Capital, integrated Asian financial house PhillipCapital, as well as top VC firms East Ventures, Access Ventures, Voveo Capital, and leading Singapore property group Soilbuild Group Holdings.

Over the last 6 years, Helicap has raised more than US$20 million in paid-up capital and deployed over US$250 million worth of capital with their in-house data analytics expertise. By leveraging this advanced data-processing capability, they have indirectly served more than 5 million MSMEs and individuals. Helicap’s collaboration with Temasek Trust on Southeast Asia’s first Financial Inclusion Report exemplifies the commitment to building a visible, impactful, and integrated ecosystem that prioritizes sustainable and ethical practices. Since its inception, Helicap has built exclusive networks with hundreds of platform partners, who have access to a total of 200 million potential borrowers in the region. For more information, visit www.helicap.com.

About Danamon

PT Bank Danamon Indonesia Tbk (Stock Code: BDMN) was established in 1956. As of 31 December 2023, the company manages consolidated assets of IDR 221 trillion with its subsidiary, PT Adira Dinamika Multi Finance Tbk (Adira Finance). In terms of share ownership, 92.47% of Danamon’s shares are owned by MUFG Bank, Ltd. and another 7.53% by the public.

As of December 2023, Danamon is supported by a network of 863 conventional branch offices, Sharia units, and subsidiary branch and business network as well as a network of ATMs, ATM Bersama, PRIMA, and ALTO totaling more than 60,000 units spread across 34 provinces. In addition to the offline services, Danamon products and services can also be accessed online through D-Bank PRO for Individual Customers and Danamon Cash Connect for Business Customers. Moreover, Danamon also provide 24-hour services via SMS Banking services and Hello Danamon call center services.

As part of MUFG, a leading global financial service group as well as Japan’s largest bank, Danamon is supported by MUFG’s strengths, expertise, and network in serving customers and facilitating business growth to create long-term value for all stakeholders.

Through the spirit “Grow With Us” which is based on Danamon’s Vision to Care and Help Millions to Prosper, Danamon reinforces its commitment as a bank that is always ready to provide solutions for all financial needs for all customers from various segments including Consumer, Small and Medium Enterprises (SMEs), Wholesale (Enterprise and Commercial), both conventional and sharia, as well as automotive financing through Adira Finance, in order to grow more prosperous.

This is in line with Danamon’s aspiration aspires to continue to grow as a customer-centric organization as “Your Bank of Choice”. Our unique value proposition focuses on sales and service excellence, strong synergies with partners and stakeholders, and supported by world-class technology aiming to provide the best financial solutions to help customers in taking control of their financial needs and goals.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/helicap-and-bank-danamon-forge-strategic-partnership-to-empower-fintech-and-alternative-lending-across-southeast-asia-302067216.html

SOURCE Helicap Pte Ltd

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EaseUS Todo PCTrans 14.0 Now Updated for Enhanced Transfer Experience

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NEW YORK, Nov. 15, 2024 /PRNewswire/ — EaseUS is a prominent provider of solutions for data backup and recovery, file transfer, and disk management tailored for Windows PC and server users. Recently, it announced the release of EaseUS Todo PCTrans 14.0, which has rolled out significant upgrades aimed at faster transfer speed and intuitive interface. This update perfectly meets the growing need for advanced data migration solutions in both personal and professional settings.

New Feature – Direct Cable Connection

The most notable new feature of Todo PCTrans 14.0 is the direct cable transfer option, which enables users to enjoy faster and more efficient data migration. 

Connection Methods: Users can connect their computers using either an Ethernet or USB Type-C cable, facilitating a seamless transfer process.Working Principle: The function employs a peer-to-peer connection, enabling high-speed data transfers without relying on internet connectivity.Benefits: Enhanced transfer speed and reliability – It offers 5-10 times faster transmission speed than a WiFi connection. Significantly reduce the time required to move large files and applications between PCs, making it faster to move files, applications, and settings without the need for a network setup or the hassle of poor WiFi signal.

User Interface Adjustments for Better Transfer Experience

To optimize and simplify interface design, EaseUS Todo PCTrans v14.0 has implemented several specific changes, including:

Data Transfer: This is a three-in-one integration of features. It merged the PC to PC transfer, Backup & Restore, and Data Rescue into one single functionality, streamlining the interface focused on data transfer and making it easier for users to navigate.Local Migration Navigation: The App Migration feature has now been renamed to Local Migration. It reflects a shift in focus towards transferring applications directly between local disk partitions on a PC, such as to transferring installed apps from C to D, changing programs default install locations, and freeing up disk space.More Tools Section: Five essential functionalities are now categorized for easier access, including quick and remote file transfer, system cleanup, large file cleanup, App uninstaller, and product key finder.

These enhancements in EaseUS Todo PCTrans 14.0 significantly improved the efficiency of data migration, making it an invaluable asset for anyone looking to upgrade or transition between PCs seamlessly.

From Techradar:

“EaseUS Todo PCTrans is a user-friendly PC transfer tool that simplifies the process of moving data, applications and user settings from one PC to another. This tool is especially useful when upgrading to a new PC or reinstalling an operating system, ensuring important files and applications are not lost in the process.”

Pricing and Availability:

Free for users that first try this tool, EaseUS Todo PCTrans Free is available here:
https://www.easeus.com/free-pc-transfer-software/

EaseUS Todo PCTrans Professional Edition is available at:
https://www.easeus.com/pc-transfer-software/pctrans-pro.html

EaseUS Todo PCTrans Server Edition is available at:
https://www.easeus.com/pc-transfer-software/pctrans-technician.html

About CHENGDU Yiwo Tech Development Co., Ltd.:
The company provides professional IT solutions for home, education and SMB users, service providers as well as international corporations in data recovery, backup software, system optimization and partition manager on both Windows and Mac platforms. For Windows OS, its major products are Data Recovery Wizard, EaseUS Todo Backup, EaseUS Todo PCTrans, EaseUS Partition Master, EaseUS Disk Copy, EaseUS Fixo and EaseUS CleanGenius. For Mac OS, it has EaseUS Mac Data Recovery Wizard, EaseUS Partition Master For Mac, EaseUS Fixo For Mac and CleanGenius.

“EaseUS” is registered trademark of CHENGDU Yiwo Tech Development Co., Ltd. All other trademarks acknowledged.

View original content:https://www.prnewswire.com/news-releases/easeus-todo-pctrans-14-0-now-updated-for-enhanced-transfer-experience-302303820.html

SOURCE EaseUS Software

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Country Music Artist Joe Nichols Announces Non-Profit Organization Established to Combat Warfighter Suicide in the Special Operations Community

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Co-founders Andy Wirth, Joe and Heather Nichols launch The Impossible Foundation at livestreamed event featuring a press conference, panel discussion and a special live performance by Nichols

BOZEMAN, Mont., Nov. 15, 2024 /PRNewswire/ — Three-time GRAMMY-nominated singer and multi-platinum selling recording artist Joe Nichols his wife, Heather Nichols, are joined by close friend and business executive Andy Wirth in announcing the establishment of The Impossible Foundation. The Impossible Foundation has been set up as nonprofit organization with the mission of being a force multiplier in combatting the accelerating rates of suicide within the special operations community. 

Joe Nichols Announces Non-Profit Organization The Impossible Foundation to Combat Warfighter Suicide

Watch The Impossible Foundation’s Launch Video HERE.

Within our country’s military, since 2001, suicide has claimed over 140,000 warfighters’ lives, 20 times the number of fatalities associated with the wars in Iraq and Afghanistan. This alarming statistic compelled Andy Wirth to join forces with friends Joe and Heather Nichols and establish The Impossible Foundation, which is headquartered in Bozeman, Montana.

“Our deep sense of gratitude and indebtedness for all who have served and are serving our great country, coupled with our unfaltering patriotism, brought about the drive to stand up The Impossible Foundation,” said Joe Nichols. “Nearly 25 years after it commenced, our newsfeeds don’t contain much on the Global War on Terror. In fact, they’ve largely gone quiet and, not surprisingly, many consider the battles over…they’re most certainly not.” 

“Not only does the global war on terror remain a kinetic and lethal environment for our country’s warriors, but some warfighters have returned home with their own fight…battles of a different kind,” said Andy Wirth, co-founder and board chairman. “Too many times, those warfighters see their battles as unwinnable, and the challenges seem to be impossible to overcome. Tragically, some chose a permanent solution to a temporary problem. The loss of a warfighter to suicide is rarely reported by the news…in turn, we rarely hear about that heart rendering event. Truly, when a warfighter takes their own life, it’s a heartbreaking result from a personal battle and while unknown and unheard to most, it generates a deafening echo for eternity.”

Established as largely a grant issuing not-for-profit, The Impossible Foundation will raise funds which will be provided to organizations that have high-impact and effective programs that reduce and reverse the accelerating rates of warfighter suicide.  The organization will focus on active duty and retired warfighters that have been and are part of the special operations community, including USSOCOM and other US Government organizations that have an adjacency to our country’s special warfare activities.

The launch event will feature interviews with panelists including Joe & Heather Nichols, Andy Wirth and feature two special guests, Steven Cashen, Sergeant First Class, US Army (Ret.) and Brian Gilman, Colonel, US Marine Corps (Ret.).  

The launch event livestreamed from the organization’s website,  theimpossiblefoundation.org  commencing at 1:00pm eastern, Friday, November 15, 2024, live from The Dallas Bull in Tampa, Florida.  Those attending the event will include industry VIP’s, supporters and members of the US Special Operations Command, headquartered at MacDill Air Force Base in Tampa, Florida. The livestream will continue with a special performance by The Impossible Foundation co-founder Joe Nichols.

The inspiration for the organization’s name and ethos is derived from Joe Nichol’s first hit song, “The Impossible”, in which in the lyrics and song’s message speaks to circumstances which are seemingly impossible to overcome, but with faith and belief in the impossible, one can prevail.

The Foundation is interested in securing direct support by way of donations of any amount which can be made through its website:  theimpossiblefoundation.org.  The Impossible Foundation also seeks to engage companies and individuals that have interest in the Founders Legion, which involves material, direct financial support and includes participation in the organization’s advisory council. Those interested in being a major part of The Impossible Foundation through the Founders Legion are encouraged to contact Andy Wirth, cofounder and board chairman at awirth@theimpossiblefoundation.org

ABOUT THE IMPOSSIBLE FOUNDATION:
The Impossible Foundation is a Colorado nonprofit corporation, which is based out of Bozeman, Montana. The Foundation has applied to the IRS for recognition as a Section 501(c)(3) tax-exempt organization. Subject to application is approval, charitable donations to The Impossible Foundation will be tax deductible to the extent permitted by law, regardless of when made. The Foundation will grant funds to organizations with programs aligned with the Foundation’s mission. Grants issued to recipient organizations will take place following a rigorous review process. Currently, the directors and officers of The Impossible Foundation include Messrs. Nichols and Wirth and Mrs. Nichols. Over the following nine months, the organization will be expanding its board of directors, which will directly participate in the governance, strategic planning and operations of The Impossible Foundation. Watch The Impossible Foundation’s Launch Video HERE.

MEDIA CONTACT: 

Andy Wirth, Cofounder & Chairman, at awirth@theimpossiblefoundation.org and (406) 595-7407

Jay Jones, Jay Jones Music, jay@jayjonesmusic.com and (615) 400-0254

View original content to download multimedia:https://www.prnewswire.com/news-releases/country-music-artist-joe-nichols-announces-non-profit-organization-established-to-combat-warfighter-suicide-in-the-special-operations-community-302307293.html

SOURCE The Impossible Foundation

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Intertribal Software Raises Strategic Investment

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DURANT, Okla., Nov. 15, 2024 /PRNewswire/ — Intertribal Software, a provider of member services software to Tribal governments founded in 1993, is pleased to announce that it has raised a majority strategic investment from Quality Standard. The investment will deepen Intertribal’s position as the leading software provider exclusively focused on helping Tribal governments deliver critical services to their members. Founders Steve Wilcox (CEO) and Skip Lamb (CTO) will continue to lead the business and remain owners of the company alongside Quality Standard.

In addition to its OneTribe® suite, Intertribal is also a strategic partner and reseller of Laserfiche®, the leading workflow automation and records management solution for Tribes. OneTribe and Laserfiche integrate natively and provide Tribal governments with a one-stop solution for digital transformation.

“We serve a unique customer base that values long-term partnerships. When we looked for the right partner for Intertribal, we wanted someone committed for the long-haul to the Tribal community and our team – someone who could help us grow support for our customers over our next 30-year chapter,” said Steve Wilcox. “We found that with Quality Standard, and we’re excited about the opportunities this investment will create for our Tribal customers as well as our dedicated team.”

“Tribes need software that is responsive to their unique needs, including protecting Tribal data sovereignty,” added Skip Lamb. “Quality Standard embraced that from the start, and they share our goal of remaining focused on serving Tribes as we use this investment to grow our team and build the next generation of our technology.”

Quality Standard co-founder Khalil Tawil added, “It is an honor to partner with Steve, Skip, and the entire Intertribal team. They bring a profound respect for Tribal governments and a passion for improving the lives of the members they serve. We feel privileged to support their mission today and for decades to come as they deepen their position as a leading technology partner to Tribes.”

About Intertribal Software

Intertribal provides software that helps Tribal governments efficiently manage their Member Service programs from department to enterprise. Since 1993, Intertribal Software has been a pioneer in creating enterprise Tribal Data Management systems for Tribal Governments nationwide.

About Quality Standard

Quality Standard is a permanent home for exceptional software companies and the teams who lead them. It partners with category-leading businesses with devoted teams and loyal customers. With a committed capital base and perpetual time horizon, Quality Standard partners with and builds customer-centric companies over decades.

View original content to download multimedia:https://www.prnewswire.com/news-releases/intertribal-software-raises-strategic-investment-302307278.html

SOURCE Quality Standard

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