Helcim has secured C$53m ($38.28m) in a Series C funding round led by the Business Development Bank of Canada’s (BDC) Growth Venture Fund.
The round values the Calgary-based payments company at C$250m ($180.55m)
In a statement, Helcim said the financing includes new participation from Curql Fund and Gold House Ventures, alongside follow-on investment from existing backers. The Series C takes the company’s total equity raised to C$100m since its Series A in 2022. Helcim founder and CEO Nic Beique said: “There’s a real void in the market right now – merchants are coming to Helcim faster than ever, looking for a modern alternative. “This round lets us act on this at scale: expanding our platform, growing our team, and moving up-market so no business outgrows what we can offer them.” Helcim launched as a standalone payments provider in 2020.
It offers point of sale, invoicing, online checkout, a smart terminal, and embedded payments tools for small and mid-sized businesses. According to the company, it serves more than 22,000 active merchants across North America. Helcim also reported it crossed C$150m in annual recurring revenue (ARR) over the past year and grew to 200 employees.