The HELICAP Story
Helicap was founded with a vision to:
- Be the trusted partner to investors; allowing them to access, comprehend and profit from alternative investments; and
- Facilitate the growth of the Asia-Pacific economy by helping originators drive financial inclusion and social impact within local communities
SMEs make up more than 90% of all Asian businesses, providing two out of three private-sector jobs on the continent. Yet, despite their crucial role in the region’s economic growth, SMEs face major challenges in accessing fair finance, particularly because of the imperfect information problem between suppliers and demanders of funds – with high transaction costs to boot. Likewise, more than 50% of individuals in the region lack direct access to banks, thus preventing them access to affordable capital to grow.
After spending a decade in banking and investments with some of the world’s top financial services firms, co-founders – David, Quentin and Jeremy left the sector to focus on tapping into Asia’s fast-growing FinTech lending space. Their goal is to work in partnership with alternative lenders and carve out favourable portfolio of loans for the Helicap investor base. In doing so, Helicap would provide fair, consistent lending capital for the growing markets in the region. Thus in 2018, Helicap was born!
Friends and future business partners
Future friends and business partners David and Jeremy met while attending the National University of Singapore & University of Southern California.
David and Quentin establish Tech investment firm 33 Capital, subsequently making a few successful investment exits
Deployment in Singapore & JK Tech Partnership
Raised US$1.5 million in seed round with Former Singaporean Minister Teo Ser Luck.
Partnership struck with conglomerate Jing King Technology
Sep - Dec 2018
Helicap raises $5million Pre-Series A with East Ventures and Soilbuild Group
Helicap raises $5million Pre-Series A with East Ventures and Soilbuild Group.
Helicap enters Philippines and builds Tech Team.
2008 - 2016
A Decade in the Southeast Asian Finance Ecosystem
David – Multi-Asset Investing, Private Banking
Jeremy – Global Macro Hedge Fund
Quentin – Indonesia-based Asset Manager
Birth of HELICAP
The trio get together and incorporate HELICAP on 18 January 2018. They operate out of an apartment.
May - Dec 2018
Helicap starts investing – enters Indonesia, Cambodia and Philippines
Deployed in Indonesia (May 2018)
Deployed in Cambodia (Jul 2018)
Deployed in Philippines (Dec 2018)