Calgary’s Helcim, a leading omnichannel payment processing platform, has closed a $27 million Series B funding round led by Silicon Valley venture capital firm Headline.
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.
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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.
The company 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.
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. This approach has not only positioned Helcim as a premium payment brand but has also facilitated the transition of B2B payments from traditional methods to digital platforms.