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Helcim Raises $16 Million Series A to build the future of payments for small business

Helcim Raises $16 Million Series A to build the future of payments for small business | Fintech Finance

Helcim, a payments company that powers small business, today announces that it has closed its Series A funding led by Toronto-based venture capital firm Information Venture Partners (Information VP) and Aquiline Technology Growth (ATG). 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).

“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.”

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. In addition to the funding, Information VP Principal Jane Podbelskaya and ATG’s Danté La Ruffa will be joining Helcim’s board of directors.

“We are very impressed with the foundation of the business that CEO Nic Beique and his team have built so far, as well as the potential that lies ahead,” said Information VP Co-Founder and General Partner Rob Antoniades. “The caliber of talent, the sophistication of payments technology, the level of customer service, and speed of growth is truly impressive.”

“We are excited about the Canadian fintech sector which continues to gain momentum,” said Jeff Greenberg, Chairman and Chief Executive Officer of Aquiline Capital Partners. “Not only is Helcim one of the sector’s early leaders, it is well-positioned to capture increasingly more US merchants.”

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.

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