Calgary’s Helcim has raised a $27 million Series B funding round led by San Francisco venture capital firm Headline.
The omnichannel payment processing platform will use the funds to further its mission of delivering superior payment and business management solutions to traditional SMBs and mid-market Main Street merchants across Canada and the U.S.
This round marks a significant milestone for Helcim, reflecting substantial growth in 2023, serving merchants in major industries including healthcare, automotive, B2B wholesale, and professional services, with a merchant presence in every U.S. state and 12 of the 13 provinces and territories in Canada.
Helcim has identified and filled a crucial gap for true Main Street business owners in a sea of antiquated competition –like lawyers, dentists, veterinarians, and mechanics.
The company has set itself apart by focusing on this underserved segment, characterized by higher Average Order Values (AOVs), lower digital payment penetration, and tighter working capital needs requiring affordable and transparent pricing.
Helcim is led by Nicolas Beique, CEO and founder, along with Marjorie Junio-Read, Chief Financial Officer, and Brett Popkey, Chief Technology Officer. Beique, a self-taught programmer and entrepreneur with over fifteen years of payments experience, started the company with a vision to simplify and improve the payment processing experience for businesses across North America.
Helcim’s oversubscribed Series B was led by Headline, alongside new participants Clocktower Ventures, Vesey Ventures, and SilverCircle, as well as existing investors Information Venture Partners and Aquiline Technology Growth.
“There is so much potential to better serve small and medium businesses across North America, from the local dentist to the accountant,” says King Goh, Partner at Headline.
“The opportunity to redefine how Main Street moves their money and streamlines business operations in a cost-effective yet superior experience is incredible; what we saw in Helcim was a team that is entirely obsessed with improving the way that Main Street businesses are treated, their dedication has the potential to significantly disrupt the market.”
The investment will be used to accelerate Helcim’s product development, focusing on enhancing its omnichannel distribution channels and providing additional payment, software and financing capabilities to its small business merchants.
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