SINGAPORE, Sept. 12, 2024 /PRNewswire/ -- Helicap, a leading fintech platform provider specialising in emerging markets, is proud to announce the successful facilitation of a credit facility with XenCapital, the lending arm of Xendit, a fintech unicorn with operations across Southeast Asia and which has raised US$515million in venture capital funding.
Digital lending has been the most active Southeast Asian fintech subsector in 2023, seeing growth in 2024 and projected to grow another 33% in 2025 [1].XenCapital has demonstrated its merchants in the lending space, having disbursed over USD$700 million in loans to businesses across Southeast Asia since its inception in 2021. Its success underscores its robust risk management strategies and deep understanding of the merchants' needs in the region.
"We have arrived at a significant milestone for our business," said David Z Wang, Co-founder of Helicap. "Our partnership with XenCapital aligns with Helicap's mission to ease access to capital to underbanked businesses in Southeast Asia, and we are honoured to work together to achieve this long-term vision. Helicap remains committed to driving financial inclusion in the region, and we are impressed by Xendit's extensive payment ecosystem it has built in the region and its lending know-how."
"We're excited to partner with Helicap to further drive financial inclusion across Southeast Asia. This collaboration enables us to expand our reach and provide much-needed capital to our merchants in the Philippines and beyond," said Moses Lo, Co-founder and CEO of Xendit.
Helicap as a group together with its regulated subsidiaries, have facilitated over USD$370 million in transactions since 2018. Leveraging advanced credit analytics to evaluate millions of loan data points, Helicap ensures informed and responsible decision making.
This collaboration between Helicap and XenCapital represents a synergistic alliance dedicated to empowering businesses and driving economic growth in Southeast Asia.
[1] https://www.researchinindonesia.com/insight/digital-lending-in-sea-overview
About Helicap
Helicap is a Singapore-based FinTech firm connecting global investors to private debt opportunities in Southeast Asia. The company's goal is to fill a USD$400 billion financing gap that banks are unable to serve and deploy capital to 300 million underbanked through 1,000 originators in the region. The company's equity backers include Malaysia's leading independent investment bank, Kenanga Investment Bank Berhad ("Kenanga Group"), Japanese financial services firm Credit Saison, Temasek-backed alternative investments firm Tikehau Capital, integrated Asian financial house PhillipCapital, as well as top VC firms East Ventures, Access Ventures, Voveo Capital, and leading Singapore property group Soilbuild Group Holdings.
Over the last 6 years, Helicap has raised more than USD$15 million in paid-up capital via its regulated subsidiaries and deployed almost USD$400 million worth of capital with their in-house data analytics expertise. By leveraging this advanced data-processing capability, they have indirectly served more than 5 million MSMEs and individuals. Helicap's collaboration with Temasek Trust on Southeast Asia's first Financial Inclusion Report exemplifies the commitment to building a visible, impactful, and integrated ecosystem that prioritises sustainable and ethical practices.
Since its inception, Helicap as a group has built exclusive networks with hundreds of platform partners, who have access to a total of 200 million potential borrowers in the region. For more information, visit www.helicap.com.
About Xendit & XenCapital
Xendit is one of the key players in the Southeast Asian payment ecosystem, with a strong presence in Indonesia, the Philippines, Malaysia and Thailand. Xendit empowers over 6,000 merchants, including major corporations like Samsung, Traveloka, OYO, Garuda Indonesia, and Lazada, by providing a seamless and easy-to-integrate payment gateway. To date, Xendit has raised over US$500 million from global venture capital leaders such as Coatue and Tiger Global Management. In 2023, Xendit processed over 300 million transactions, representing US$40 billion in total payment volume, further solidifying its commitment to supporting businesses of all sizes.
Beyond payment processing, Xendit extends its support to merchants through XenCapital, an emerging alternative lender offering fast and flexible financing to highly viable underbanked businesses. XenCapital leverages a combination of alternative data sources and unique risk scoring criteria to tailor financial solutions to businesses' specific operational needs and growth aspirations. Since 2020, XenCapital has disbursed over US$700 million in loans in the Southeast Asian region, fostering financial inclusion and empowering businesses to thrive.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Helicap Closes Largest Credit Facility Yet with Xendit's XenCapital: USD$50 Million to Empower Southeast Asian Businesses
Helicap Closes Largest Credit Facility Yet with Xendit's XenCapital: USD$50 Million to Empower Southeast Asian Businesses
Helicap Closes Largest Credit Facility Yet with Xendit's XenCapital: USD$50 Million to Empower Southeast Asian Businesses
Helicap Closes Largest Credit Facility Yet with Xendit's XenCapital: USD$50 Million to Empower Southeast Asian Businesses
PALO ALTO, Calif., Sept. 18, 2024 /PRNewswire/ -- Mega Matrix Corp. ("MPU" or the "Company") (NYSE American: MPU), today announced that it will launch its revenge short drama "Revenge Beyond the Grave" on September 18th at FlexTV. This is no ordinary tale of vengeance, as it delves deeper into themes of female solidarity and personal growth.
Grace, a successful female entrepreneur, finds her life hanging by a thread on her birthday after being betrayed by her greedy husband, Matthew, and his mistress, Fiona. Her twin sister, Ashley, abandons her own flourishing career, going into hiding to seek revenge on her sister's behalf. However, just as the truth is about to be revealed, Grace—now with amnesia and a new face—unexpectedly returns, trusting the very people who betrayed her and harboring deep misunderstandings about Ashley.
The production team masterfully uses high-contrast lighting and tight, suspenseful editing to enhance the series' visual impact, staying true to the crisp and intense nature of revenge dramas. With numerous cliffhangers, plot twists, and crises, "Revenge Beyond the Grave" keeps viewers on the edge of their seats, eager for the next episode.
MPU operates the world's leading short drama streaming platform FlexTV, currently distributing short drama content to over 100 countries worldwide, covering multiple language versions such as English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. It has won the favor of audiences around the world with its high-quality short dramas and excellent user experience. "Revenge Beyond the Grave" will premiere globally on September 18. The series breaks away from traditional stereotypes of female characters, showcasing their intelligence and strength. For more exciting content, please visit https://www.flextv.cc/.
#revenge #shortdrama #FlexTV #MPU
About Mega Matrix: Mega Matrix Corp. (NYSEAMEX: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect majority-controlled subsidiary of Mega Matrix. Mega Matrix is a Delaware corporation headquartered in Palo Alto, CA. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; ; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission, including the Company's latest annual report on Form 10-K, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
Disclosure Channels
We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:
X (f/k/a Twitter):
twitter.com/MegaMatrixMPU
Facebook:
facebook.com/megamatrixmpu
facebook.com/flextvus
LinkedIn:
linkedin.com/company/megamatrixmpu
TikTok:
tiktok.com/@flextv_english
YouTube:
youtube.com/@FlexTV_English
The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Mega Matrix Announces That the Short Drama "Revenge Beyond the Grave", Will Be Released on September 18 at FlexTV
Mega Matrix Announces That the Short Drama "Revenge Beyond the Grave", Will Be Released on September 18 at FlexTV
