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Helcim, an omnichannel payment processing platform, raised $20 million.

February 27, 2024
2 Min Reads

In order to further its mission of providing superior payment and business management solutions to traditional SMBs and mid-market Main Street merchants across Canada and the U.S. through digital first tools, more affordable payments, and exceptional customer support, Helcim, a leading omnichannel payment processing platform, is thrilled to announce the successful closing of its US$20M Series B funding round, led by Headline.

With a merchant presence in every state in the United States and 12 of Canada's 13 provinces and territories, Helcim is celebrating a major milestone with this round, which reflects the company's significant growth in 2023 and serves merchants in major industries like healthcare, automotive, B2B wholesale, and professional services.
 

Helcim has recognized and addressed a critical void for genuine Main Street entrepreneurs amidst a sea of archaic competitors – such as attorneys, dentists, veterinarians, and mechanics. By concentrating on this neglected market, which is distinguished by higher Average Order Values (AOVs), a lower penetration rate of digital payments, and more stringent working capital requirements necessitating transparent and inexpensive pricing, the company has distinguished itself. Helcim's products are made to address the unique requirements of its large merchant base while overcoming the drawbacks of conventional suppliers.
 

The company is headed by its founder and CEO, Nicolas Beique, as well as its chief financial officer, Marjorie Junio-Read, and chief technology officer, Brett Popkey. Beique founded the company with the goal of streamlining and enhancing the payment processing experience for companies throughout North America. Beique is a self-taught programmer and entrepreneur with over fifteen years of expertise in payments.
 

"At Helcim, our mission has always been to stand up for our small company merchants by providing them with excellent customer service along with cost-effective and transparent payment options. With this funding, we are able to expand our service to more merchants in North America and assist the millions of small and mid-market businesses that are currently ignored by traditional bank processors. These businesses represent the backbone of our economy, according to Beique.

Headline led Helcim's oversubscribed Series B round, which also included new investors Vesey Ventures, Clocktower Ventures, and SilverCircle. Venture Capital Firms and Aquiline Technology Development

According to King Goh, a partner at Headline, "there is so much potential to better serve small and medium businesses across North America, from the local dentist to the accountant." "We saw in Helcim 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. It is an incredible opportunity to redefine how Main Street moves their money and streamlines business operations in a cost-effective yet superior experience."
 

With an emphasis on improving its omnichannel distribution channels and giving its small company merchants more payment, software, and finance options, the investment will be used to quicken Helcim's product development. This strategy has helped Helcim become known as a premium payment brand and has made it easier for B2B payments to move from offline to online channels.
 

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