GMO Payment Gateway, Inc. Invests USD 3 Million in Helicap's Flagship Credit Fund to Drive Growth of FinTech in Southeast Asia

SINGAPORE, Oct. 11, 2024 /PRNewswire/ -- Helicap Group is proud to announce that GMO Payment Gateway, Inc. (TSE Prime Market Securities Code: 3769, President & CEO: Issei Ainoura), a leading provider of payment and financial-related services under the GMO Internet Group, has made a USD 3 million investment in Helicap's flagship credit fund managed by Helicap Investments Pte Ltd, a regulated subsidiary of the Helicap Group. The investment was executed through GMO-PG's Singapore-based subsidiary, GMO-Z.COM PAYMENT GATEWAY PTE. LTD.

A Partnership to Bridge Southeast Asia's Funding Gap

In the first half of 2024, FinTech startups in Southeast Asia secured a notable USD 899.3 million in funding, highlighting the region's enduring appeal amidst global economic headwinds.^*1 This demonstrates the sector's resilience, fueled by Southeast Asia's strong demand for innovative financial solutions as traditional services evolve to meet modern needs. Helicap, together with its regulated subsidiaries, aims to address the region's USD 500 billion funding gap.^*2 This period marks the rise of key players leveraging technology to build scalable, inclusive financial services, solidifying Southeast Asia as a thriving FinTech hub. This latest investment from GMO-PG underscores their commitment to supporting innovative FinTech solutions and aligning with Helicap's vision of driving financial inclusion in underserved markets. Through this partnership, Helicap will continue to empower FinTech companies that are transforming the financial landscape of Southeast Asia, while opening doors to new business opportunities in markets that remain untapped.

*1 Tracxn Technologies Limited「FinTech - Southeast Asia Semi Annual Funding Report - H1 2024ã€

*2 As of 2017

About Helicap Pte Ltd 'Helicap'

Helicap is a Singapore-based FinTech firm facilitating private debt opportunities in Southeast Asia. As a group, the goal is to fill a USD 500 billion financing gap that banks are unable to serve and deploy capital to 300 million underbanked through 1,000 originators in the region. Helicap'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 SoilbuildGroup Holdings.

Over the last 6 years, Helicap has raised more than USD 15 million in paid-up capital, and via its regulated subsidiaries, has deployed almost USD 400 million worth of capital with its 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 prioritizes sustainable and ethical practices.

For more information, visit www.helicap.com.

About GMO Payment Gateway, Inc. 

GMO Payment Gateway, Inc. provides payment-related services that support the customer's online and cashless migration and digital transformation (DX). Annual transaction value exceeds 17 trillion yen and its online comprehensive payment services have been adopted by over 150,000 merchants such as EC operators and public institutions of NHK and National Tax Agency, etc.

As the leading company in the payment industry, GMO contributes to the advancement and realization of a sustainable society by driving social innovations using payment and financial technology through its services, such as online comprehensive payment service, payment services in the offline market, Buy Now Pay Later (BNPL), BaaS Support services to financial institutions and enterprises and strategic investment and lending to overseas leading-edge FinTech companies. (As of end-June 2024, consolidated figures)

For more information, visit: www.gmo-pg.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

GMO Payment Gateway, Inc. Invests USD 3 Million in Helicap's Flagship Credit Fund to Drive Growth of FinTech in Southeast Asia

PESHAWAR, Pakistan, May 16, 2025 /PRNewswire/ -- In a transformative move set to redefine humanitarian operations in Pakistan, MindHYVE.aiâ„¢, a U.S.-based artificial intelligence company, has signed a landmark Memorandum of Understanding (MoU) with Alkhidmat Foundation Khyber Pakhtunkhwa, one of the nation's most respected non-profit organizations. The MoU was signed by Belal Faruki, Founder & CEO of MindHYVE.aiâ„¢ and Khalid Waqas, President of Alkhidmat Foundation KPK.

This partnership aims to deploy MindHYVE.ai™'s agentic AI systems—starting with the Ava-Education™ large reasoning model and its ArthurAI™ e-learning platform to scale impact across education, healthcare, orphan care, disaster relief, and microfinance initiatives.

As part of the agreement, MindHYVE.aiâ„¢ and Alkhidmat will co-establish a Multi-Sector AI Innovation Lab in Peshawar, envisioned as a regional hub for applied AGI (Artificial General Intelligence) solutions in social development. The lab will serve as a launchpad for localized AI training, agent deployment, and academic research, while incubating youth-led startups in partnership with universities and the Khyber Pakhtunkhwa IT Board.

"This isn't just a tech deployment—this is about building capacity, equity, and long-term national infrastructure for AI-powered social progress," said Belal Faruki "Alkhidmat's mission and reach make them the ideal partner for this new frontier in purpose-driven technology."

Under the first phase, MindHYVE.aiâ„¢'s educational agent ArthurAI will be deployed within Alkhidmat's Bano Qabil program, supporting over 85,000 registered students through adaptive learning paths, multilingual content, and real-time feedback. Subsequent phases will see agents like Chiron (healthcare), Eli (finance), and Carter (retail & e-commerce) integrated into Alkhidmat's broader humanitarian services.

Alkhidmat KPK President Khalid Waqas commented, "By combining our grassroots infrastructure with MindHYVE.ai™'s AI expertise, we are opening doors for inclusive education, smarter healthcare, and data-informed governance—especially in Pakistan's most underserved regions."

MindHYVE.aiâ„¢ will provide hosted AI platforms, APIs, training, and agent customization. The collaboration will operate under a non-profit licensing model, with both parties committed to sustainability, ethical governance, and regional language accessibility including Urdu and Pashto.

This MoU signals a powerful step toward AI-for-good innovation in Pakistan and sets a precedent for global public-private humanitarian alliances.

About MindHYVE.aiâ„¢
Headquartered in Newport Beach, California, MindHYVE.aiâ„¢ builds domain-specific AGI agents, autonomous and semi-autonomous agentic systems and domain specific large reasoning models to transform national infrastructure and industry through intelligent automation and decision systems.

Website: www.mindhyve.ai | Email:hello@mindhyve.ai | Contact: +1 (949) 200-8668

Media Contact
Marc Ortiz
Email: marc.ortiz@mindhyve.ai

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

MindHYVE.ai™ and Alkhidmat Foundation Partner to Launch Pakistan's First Multi-Sector AI Initiative for Social Good

MindHYVE.ai™ and Alkhidmat Foundation Partner to Launch Pakistan's First Multi-Sector AI Initiative for Social Good

MindHYVE.ai™ and Alkhidmat Foundation Partner to Launch Pakistan's First Multi-Sector AI Initiative for Social Good