May 01, 2024

Helcim raises $20 million in Series B funding to transform payment processing.

February 27, 2024
3Min Reads
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A financial milestone has been reached by the payment processing company Helcim, which just closed a $20 million Series B fundraising round.

Headline led the investment, indicating a high level of confidence in Helcim's plan and approach. Along with returning supporters Information Venture Partners and Aquiline Technology Growth, this investment round attracted new investors Clocktower Ventures, Vesey Ventures, and SilverCircle.


Offering a full range of payment and business management solutions designed specifically for small to mid-sized businesses (SMBs) in the United States and Canada, Helcim distinguishes itself in the FinTech industry. The company's goal is to revolutionize the payment process for businesses in vital industries like professional services, healthcare, automotive, and B2B wholesale. Helcim's influence is so great that it covers all 50 states in the United States and 12 of Canada's 13 provinces and territories.

 

Helcim's dedication to catering to the neglected Main Street business sector is the fundamental reason for its success. Helcim has created solutions that offer higher Average Order Values (AOVs), low digital payment penetration, and affordable, transparent pricing to meet the stringent working capital needs of businesses such as law firms, dental practices, veterinary clinics, and auto repair shops. Helcim has done this by recognizing the particular challenges that these businesses face.


Chief Executive Officer and founder Nicolas Beique, a seasoned businessman and self-taught programmer, leads Helcim. He is assisted by Chief Technology Officer Brett Popkey and Chief Financial Officer Marjorie Junio-Read. The leadership team is steadfast in its commitment to making payment processing easier and better for companies in North America.

 

Helcim's most recent fundraising round will support the company's product line expansion, with a focus on improving omnichannel distribution channels and launching new payment, software, and finance options for small and medium-sized retailers. With this calculated investment, Helcim hopes to solidify its position as a top player in the payment processing market and accelerate the transition of business-to-business (B2B) payments from analog to digital channels.

 

"There is so much potential to better serve small and medium businesses across North America, from the local dentist to the accountant," said King Goh, a partner at Headline, who was excited about the alliance. We saw at Helcim a team that is totally obsessed with improving the way that Main Street businesses are treated; their dedication has the potential to significantly disrupt the market. This is an incredible opportunity to redefine how Main Street moves their money and streamlines business operations in a cost-effective yet superior experience.

 

"Our goal at Helcim has always been to be a champion for our small business merchants by giving them affordable and clearly-priced payment solutions, combined with amazing customer service," said Nicolas Beique in response to questions about the implications of the investment. With this financing, we will be able to expand our service to additional merchants in North America and assist the millions of small and mid-market businesses that are still underserved by traditional bank processors. Small businesses are the backbone of our economy.


This Series B fundraising round strengthens Helcim's position as a major player in the FinTech sector and is a substantial vote of confidence in the company's strategy and outlook for the future of payment processing.

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