Malaysian Kenanga Investment Bank partners with Singapore's Helicap for digital initiatives, investing 8% in Helicap's Series B round.

Kenanga Investment Bank Berhad of Malaysia has partnered with Singaporean fintech Helicap Pte Ltd to enhance its digital initiatives. Kenanga Group has invested about 8% in Helicap's Series B funding round, aiming to increase its stake to around 10%. This collaboration will leverage Helicap's alternative lending technology to improve Kenanga's offerings and create a modern private credit business, aligning with Kenanga's broader digital transformation strategy.

September 02, 2024
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