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Calgary-based Helcim Secures $27 Million Series B

Funding | Feb 27, 2024

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Helcim secures $27 million CAD in Series B to expand payment processing for underserved SMBs

Calgary-based FinTech startup Helcim has recently closed $27 million CAD ($20 million USD) in Series B financing to address the complex and often expensive landscape of payment processing for SMBs.  The Series B financing was led by Headline, with participation from new investors Clocktower Ventures, Vesey Ventures, and SilverCircle, alongside returning investors Information Venture Partners and Aquiline Technology Growth.

  • The Series B funding will be used to accelerate product development, focusing on enhancing omnichannel distribution channels and adding new payment, software, and financing capabilities.  The funding round was not just about securing capital but also about finding partners who believe in Helcim's vision, team, and the culture they are building.

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  • Founded in 2008, Helcim provides a comprehensive suite of payment solutions targeting traditional SMBs, including retail merchants, auto-repair shops, and healthcare clinics.  The company aims to fill a crucial gap for Main Street businesses by offering digital-first tools, more affordable payments, and exceptional customer support.
  • This investment follows a $16 million Series A funding round in March 2022, showcasing Helcim's continued growth and investor confidence.  Helcim's growth has been nearly fivefold since their Series A, now servicing merchants in every U.S. state and 12 of Canada's 13 provinces and territories across more than 800 industries.


By focusing on underserved segments characterized by higher Average Order Values (AOVs), lower digital payment penetration, and tighter working capital needs, Helcim is positioned to significantly disrupt the market and support small businesses.

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Helcim's efforts to serve the underserved promise to redefine how Main Street businesses operate, making digital payment solutions more accessible and tailored to their specific needs.

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