Helcim, a leading omnichannel payment processing platform, is pleased to announce the successful completion of its $20 million Series B funding round led by Headline to further its mission of providing best-in-class payment and business management solutions for traditional SMBs and mid-sized Main businesses, driving street vendors across Canada and the US through digital-first tools, cheaper payments and exceptional customer support.
This round represents a significant milestone for Helcim and reflects significant growth in 2023. The company serves dealers in key industries such as healthcare, automotive, B2B wholesale and professional services, with a dealer presence in all U.S. states and 12 of Canada’s 13 provinces and territories.
Helcim has identified and filled a critical gap for true Main Street business owners in a sea of antiquated competition – like lawyers, dentists, veterinarians and mechanics. The company stands out by focusing on this underserved segment characterized by higher average order values (AOVs), lower digital payment penetration, and lower working capital needs that require affordable and transparent pricing . Helcim’s offerings are designed to overcome the limitations of traditional providers and meet the specific needs of its large merchant base.
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 experience in payments, founded the company with the vision of simplifying and improving payment processing for businesses across North America.
“Our goal at Helcim has always been to be a pioneer for our small business owners by providing them with affordable and low-cost payment solutions combined with outstanding customer service. “There are millions of small and medium-sized businesses that are still underserved by traditional bank processors – this investment allows us to offer our service to more merchants in North America and support the small businesses that drive our economy,” Beique explained.
Helcim’s oversubscribed Series B was led by Headline along with new participants Clocktower Ventures, Vesey Ventures and SilverCircle, as well as existing investors Information Venture Partners and Aquiline Technology Growth.
“There is so much potential to better serve small and medium-sized businesses across North America, from the local dentist to the accountant,” says King Goh, partner at Headline. “The opportunity to redefine the way Main Street moves its money and streamlines business operations in a cost-effective yet superior experience is incredible; What we saw at Helcim was a team completely obsessed with improving the way Main Street businesses are treated. Their commitment has the potential to significantly revolutionize the market.”
The investment will be used to accelerate Helcim’s product development, with a focus on improving its omnichannel sales channels and providing additional payment, software and financing options for its small merchants. This approach has not only positioned Helcim as a premium payments brand, but also facilitated the transition of B2B payments from traditional methods to digital platforms.