Connect with us

Technology

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

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Stora Enso Oyj: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (25 December 2024)

Published

on

By

STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 December 2024 at 09:00 EET

HELSINKI, Dec. 27, 2024 /PRNewswire/ — Stora Enso Oyj received a notification pursuant to chapter 9, section 5 of the Securities Market Act from BlackRock, Inc on 27 December 2024.

On 25 December 2024, BlackRock’s holding in Stora Enso’s shares decreased below the 5 percent threshold.

% of shares and voting rights (total of 7.A)

% of shares and voting rights through financial instruments (total of 7.B)

Total of both in % (7.A + 7.B)

Resulting situation on the date on which threshold was crossed or reached

4.76% shares

Below 5% voting rights

0.27% shares

Below 5% voting rights

5.04% shares

Below 5% voting rights

Position of previous notification (if applicable)

Below 5% shares

Below 5% voting rights

Below 5% shares

Below 5% voting rights

Below 5% shares

Below 5% voting rights

 

A: Shares and voting rights

Class/type of shares

ISIN code (if possible)

Number of shares and voting rights

% of shares and voting rights

Direct

(SMA 9:5)

Indirect

(SMA 9:6 and 9:7)

Direct

(SMA 9:5)

Indirect

(SMA 9:6 and 9:7)

FI0009005961

37,609,170  shares

Below 5% voting rights

4.76% shares Below 5% voting rights

SUBTOTAL A

37,609,170 shares

Below 5% voting rights

4.76% shares

Below 5% voting rights

B: Financial Instruments according to SMA 9:6a

Type of financial instrument

Expiration date

Exercise/Conversion Period

Physical or cash settlement

Number of shares and voting rights

% of shares and voting rights

American Depositary Receipt (US86210M1062)

N/A

N/A

Physical

596,930 shares

Below 5% voting rights

0.07% shares

Below 5% voting rights

Securites lent

N7A

N/A

Physical

1,036,720 shares

Below 5% voting rights

0.13% shares

Below 5% voting rights

CFD

N/A

N/A

Cash

563,510 shares

Below 5% voting rights

0.07% shares

Below 5% voting rights

SUBTOTAL B

2,197,160 shares

Below 5% voting rights

0.27% shares

Below 5% voting rights

 

Stora Enso has two series of shares. Each A share and every ten R shares carry one vote. Stora Enso has 175,664,079 A shares and 612,955,908 R shares in issue. The Company does not hold its own shares. The total number of Stora Enso shares is 788,619,987 and the total number votes at least 236,959,669.

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

Stora Enso

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We create value with our low-carbon and recyclable fiber-based products, through which we support our customers in meeting the demand for renewable sustainable products. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors

STORA ENSO OYJ

Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691 

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/stora-enso-oyj/r/stora-enso-oyj–notification-of-change-in-holdings-according-to-chapter-9–section-10-of-the-finnish,c4086606

The following files are available for download:

https://mb.cision.com/Main/13589/4086606/3189711.pdf

STORA ENSO Class R_2024-12-25_Issuer

 

View original content:https://www.prnewswire.com/news-releases/stora-enso-oyj-notification-of-change-in-holdings-according-to-chapter-9-section-10-of-the-finnish-securities-markets-act-25-december-2024-302339535.html

SOURCE Stora Enso Oyj

Continue Reading

Technology

Truecaller continues strong growth, surpasses 400 million Android users

Published

on

By

STOCKHOLM, Dec. 27, 2024 /PRNewswire/ — Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, reached another important milestone on 24th of December, when the number of monthly active users (MAU) on the operating system Android surpassed 400 million. Truecaller continues to grow rapidly in many geographic markets and the total user base has grown with more than 57 million users during 2024 and has now surpassed 433 million users in total.

“Truecaller’s strong commitment to help businesses and individuals communicate better through both calls and messages, continues to grow. Our geographical footprint is growing each day, and the development in our targeted growth markets is strong. We’re thrilled at achieving this milestone and we look forward to serving the next 400 million Android users,” says Rishit Jhunjuhnwala, Chief Product Officer and incoming CEO of Truecaller.

The growth in India continues to be strong with a growth of approximately 37 million users in but the relative growth in other parts of the world is stronger with a growth of 20 million users during 2024.

Truecaller will continue to report the average number of monthly and daily users on a quarterly basis in connection with interim reports.

For more information, please contact:
Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

About Truecaller:

Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 433 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/truecaller-continues-strong-growth–surpasses-400-million-android-users,c4086573

The following files are available for download:

 

View original content:https://www.prnewswire.com/news-releases/truecaller-continues-strong-growth-surpasses-400-million-android-users-302339536.html

SOURCE Truecaller AB

Continue Reading

Technology

Xinhua Silk Road: Conference on deepening financial openness and co-op in Northeast Asia held in NE. China’s Shenyang

Published

on

By

BEIJING, Dec. 27, 2024 /PRNewswire/ — The 2nd Northeast Asia Finance Conference and 2024 “Revitalizing Liaoning with Finance” Excellent Cases Release kicked off on Tuesday in Shenyang, capital of northeast China’s Liaoning Province, aiming to further deepen financial openness and cooperation in the Northeast Asian region and advance construction of a regional financial center.

The main forum held a series of activities, including an opening ceremony, two round-table dialogues on “finance + biomedical industry” and “finance + cultural industry”, a symposium for foreign financial institutions, a seminar on innovative development of financial clusters, a forum on development of technology and finance, a forum on industrial low-carbon transformation and financial innovation, as well as an enterprise project roadshow and industry-finance matchmaking event.

During the conference themed on “accelerating the construction of a regional financial center in Northeast Asia and creating a new highland for opening up”, excellent cases of revitalizing Liaoning through finance in 2024 were unveiled and the index for core areas of regional financial centers in northeast China was released.

The conference also held an unveiling ceremony for the upgrading of the Shenyang finance and trade development zone to a national-level development zone, and a launch ceremony of a platform for Shenyang industrial insights and decision analysis.

The conference was co-hosted by China Economic Information Service, Liaoning Branch of Xinhua News Agency, Shenhe District People’s Government, Shenyang local financial administration under guidance of Shenyang Municipal People’s Government and Liaoning local financial supervision and administration bureau.

Original link: https://en.imsilkroad.com/p/343777.html

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/xinhua-silk-road-conference-on-deepening-financial-openness-and-co-op-in-northeast-asia-held-in-ne-chinas-shenyang-302339540.html

SOURCE Xinhua Silk Road

Continue Reading

Trending