Xendit’s arm XenCapital bags $50m credit facility from Helicap

Xendit’s arm XenCapital bags $50m credit facility from Helicap

(left to right) David Z Wang (co-founder of Helicap), Moses Lo (co-founder and CEO of Xendit) and Quentin Vanoekelo (co-founder & CIO of Helicap) / Helicap

Singapore-based XenCapital, the lending arm of Indonesian fintech unicorn Xendit, has secured a $50 million credit facility from alternative lender Helicap, according to a statement on Thursday.

Edited by: Pramod Mathew