HELICAP has raised US$5 million in a strategic funding round led by global asset management giants Tikehau Capital and PhillipCapital.

In a press statement on Wednesday (Jun 22), the Singapore-based fintech startup said the new capital raised will enable Helicap as a group to achieve its goal of democratising access to private markets and becoming the dominant digital private investment platform in South-east Asia.

The group’s eponymous private investment platform offers alternative lending services in the region, using proprietary technology to crunch loan data points to evaluate the creditworthiness of digital lenders and businesses.

“Over the coming months, we will be expanding our suite of data-driven products and services to establish Helicap as the go-to private financing arranger in South-east Asia,” said group chief executive David Wang.

The group, which counts Singapore real estate company Soilbuild Group among its investors, added that it has arranged US$150 million over 300 completed deals since its establishment.

Tikehau’s global co-chief investment officer Jean-Baptiste Feat as well as Grace Tang, executive director at Phillip Private Equity, will join Helicap’s advisory team with the latest capital injection.

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Backed by Temasek, European asset manager Tikehau’s first special purpose acquisition company (SPAC) Pegasus Asia raised S$23.4 million through its initial public offering in January 2022 before it listed on the Singapore Exchange.

The SPAC remained unchanged at S$4.70 as at 9.50 am on Wednesday, after the news.