Toronto’s Maple Billing this month announced a partnership with Calgary-based financial technology firm Helcim.
Maple is an all-in-one revenue management platform that streamlines sales-led and product-led billing workflows and tracks holistic revenue metrics in real-time via low-code or no-code methods.
The firm promises businesses lower fees, improved international coverage, and support for specialized financial workflows, including the flexibility to integrate seamlessly with the provider they choose, all without taking a percentage of your revenue.
The integration with Helcim allow businesses to accept payments quickly and securely while benefiting from Helcim’s interchange-plus model, according to Maple.
Many businesses start with Stripe because it’s popular and developer-friendly. But Maple warns that transaction costs can approach 5% when all fees are considered.
Alberta’s Helcim takes a different approach from Stripe. Instead of charging a flat percentage, Helcim passes through the actual card network fees (like Visa and Mastercard) and adds a small, transparent margin.
Paired with Maple’s flat pricing structure, this gives businesses a cost-efficient payment stack that supports growth without eating into revenue, according to the Canadian companies.
“With Maple, you’re not locked into a one-size-fits-all payment solution,” the company states online. “Whether you’re scaling a SaaS product, handling complex usage billing, or just looking to lower your transaction costs, Maple gives you the tools to do it your way.”
Maple was founded by Aswin Rajendiran, Aravindkumar Rajendiran, and Ruchi Varshney.
Aswin was the first employee at Rippling, a workforce management company launched in 2016, where he built the software firm’s core billing stack and other features from scratch. Aravind meanwhile held high engineering roles at both Airbnb and LinkedIn.
Varshney hails from Dropbox, where she held the role of Senior Director of Engineering across several product launches.
Leave a Reply