Calgary’s Helcim raised a $16 million Series A funding round led by Toronto’s Information Venture Partners and New York’s Aquiline Technology Growth (ATG).
Helcim is on a mission to be the world’s most loved payments company by giving small businesses every possible edge to thrive and enrich our communities. Helcim serves thousands of businesses in Canada and the US across 800 different industries, processing billions in payments each year.
The round also included participation from Generational Platform Partners, Alberta-based Accelerate Fund III, as well as key Canadian tech leaders including Boris Wertz, Jason Smith (Klue), Hanif Joshaghani (Symend), and Kevin Sandhu (ControlHQ).
The funding will be used to launch new products that make it easier for businesses to get paid and adopt the latest payment technology that they want.
The company will also be investing in growing its team across the organization adding more than 150 over the next two years, including developers, customer service, and sales to deliver on these enhanced service offerings.
“We built Helcim to provide the payment tools that allow small businesses to thrive by combining our payments-first approach, accessible and easy to use software, alongside our knowledgeable and helpful customer service,” said Nic Beique, Helcim CEO and Founder.
“We’re thrilled to partner with Information VP and Aquiline to expand on our ecosystem of tools that ensure small businesses can access the payments solutions they deserve.”
Helcim relaunched as a payments facilitator in June of 2020 and has experienced a 400% increase in sign ups as businesses look to benefit from their exceptional customer service, low rates, and digital first experience.
The company was also named as one of Canada’s Most Admired Corporate Cultures in 2021.