Kenanga to boost digitalisation via stake in Helicap

Kenanga Investment Bank group managing director Datuk Chay Wai Leong

PETALING JAYA: Kenanga Investment Bank Bhd has partnered with Singaporean financial technology (fintech) firm Helicap Pte Ltd, in a move to further advance its digitalisation initiatives.

As part of this partnership, Kenanga group, through a fund managed by its asset and wealth management arm, Kenanga Investors Bhd has acquired an 8% stake in Helicap, Kenanga said in a statement.The investment formed Helicap’s series B funding round, which saw Kenanga group as lead investor alongside Saison Capital Pte Ltd, the corporate venture capital arm of Credit Saison.