| | FEBRUARY 20249IN FOCUSHelicap Pte Ltd (Helicap), a prominent FinTech company, and PT Bank Danamon Indonesia Tbk (Danamon) have unveiled a strategic partnership aimed at bolstering the FinTech HELICAP & BANK DANAMON PARTNER TO BOOST FINTECH LENDING IN SOUTHEAST ASIAand alternative lending sectors in Indonesia. This alliance seeks to establish the two entities as a comprehensive resource for non-dilutive growth capital, catering to FinTech, alternative lending enterprises and MSMEs operating in various sectors such as supply chain, leasing, e-commerce, and beyond.Danamon possesses a vast banking network, boasting consolidated assets exceeding IDR 221 trillion, including its subsidiary PT Adira Dinamika Multi Finance Tbk (Adira Finance). With extensive banking experience in Indonesia, Danamon provides invaluable market insights and industry expertise. Meanwhile, Helicap boasts a successful six-year track record of managing a diversified debt portfolio without any defaults. Leveraging cutting-edge proprietary data analytics, Helicap offers robust 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. 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.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 the leaders in the FinTech investment space. This collaboration aligns with our commitment for supporting innovation and driving financial inclusion in Indonesia and beyond". on its growing momentum in the area. With over two decades of leadership experience in technology firms such as Cisco and 3Com spanning various parts of Asia, Cheung brings a proven track record in establishing high-performing teams, guiding end-user organizations through their digital transformation endeavors, and fostering strong relationships with channel partners, earning him widespread respect within the industry."I'm delighted to welcome Fredy to Pure Storage's senior leadership team in the Asia Pacific and Japan region. He's a proven leader in the region's technology space and will help us take our growth in Asia to the next level. Pure Storage is the only enterprise storage vendor today that can deliver environmentally sustainable true all-flash storage solutions for every workload across the entire range of the price and performance spectrum. This is a unique position to be in and I can't think of a better leader than Fredy to help us take this message to organizations throughout Asia", Nathan Hall, Vice President, Asia Pacific & Japan, Pure Storage."The Asia region has tremendous potential for growth with many organisations investing in technologies to transform their businesses. I'm excited to take on this challenge of bringing Pure Storage's cutting-edge all-flash solutions to these enterprises and help them through priorities such as AI, environmental sustainability, data centre modernization and data protection", Fredy Cheung, Area Vice President, Asia, Pure Storage."Though the external storage market decelerated, showing slowness in 2023, IDC remains confident to see a rebound in Asia Pacific (excluding Japan and ANZ) in the next 12 to 24 months. Enterprises are gearing up their digital efforts to survive in today's increasingly competitive market landscape resulting in ever-escalating growth of data and greater needs for data protection boosting demand for agile and resilient storage infrastructure", Cynthia Ho, Associate Research Director, Enterprise Infrastructure, IDC Asia Pacific.
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