The company was founded in January 2018 in Singapore by David Z Wang, Quentin Vanoekal and Jeremy Tan.
[1] In May 2018, Helicap raised US$1.5 million in a seed funding round led by Teo Ser Luck, the former Minister of State for Manpower.
[4] In September, Helicap raised US$5 million in a Pre-Series A round led by East Ventures and Soilbuild Group Holdings.
[11][12] In June of the same year, Helicap provided $15 million to the technology social enterprise iCare Benefits.
[13] In the same month, Helicap raised US$5 million in a strategic funding round led by Tikehau Capital and PhillipCapital.