Alternative lending platform Helicap has reportedly raised $10m in Series A round, as it looks to improve its credit scoring technology.
The round was led by Saison Capital, with support also coming from new and previous Helicap backers including East Ventures and Access Ventures, according to a number of reports in the media.
With the fresh funds, the company is hoping to improve its credit scoring capabilities and will explore private debt opportunities in Singapore, it said.
With the close of the round, the company has raised a total of $18m in funding.
Helicap is an alternative lending platform which focuses on the Southeast Asia and Australia markets. The company has an aim of providing loans to the 300 million unbanked and underbanked consumers in the regions.
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