Calgary-based Helcim Secures $27 Million Series B

Funding | Feb 27, 2024

Image: Helcim blog

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.

See:  BoC Consultation: Draft Supervisory Guidelines for PSPs

• 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.

Outlook

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.

See:  McKinsey Global Payments On Cusp of ‘Decoupled Era’

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.

The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

National Security Is Now Part of Financial Supervision

How Canadians Pay Is Changing Before Real-Time Rail

Canadians Cut Holiday Spend but Still Pay More for Canadian

Ondo Launches Tokenized Pre IPO Private Markets

Snaplii Puts AI Agent Spending in a Separate Wallet

Building a Legal Bench: How Fintech and Crowdfunding Companies Can Hire the Right Legal Talent

Tangerine Business Launches on Starling Banking Core

🔥 TOKEN2049 Singapore — Tech EZ KOL Club

How Fintech Companies Can Document R&D Involving Machine Learning Models

What Are the Top Challenges in MedSpa Management?