Key Takeaways
- • Helcim, a Canadian payments processor, secured CAD $53 million (~$38 million USD) in Series C funding led by BDC Capital's Growth Venture Fund, with participation from Curql Collective, Gold House Ventures, and existing investors.
- • The company has scaled to serve 22,000 active merchants with CAD $150 million (~$108 million USD) in annual revenue, and projects payment processing volume of nearly CAD $10 billion (~$7.8 billion USD) in 2026.
- • This funding marks Helcim's first major capital raise in two years, following a $20 million Series B round, and will be directed toward software, tools, and hardware development, with emphasis on its newly launched Payment Extension tool for third-party software integration.
- • Founded in 2006 by CEO Nic Beique, Helcim operates a diversified merchant services platform encompassing credit card processing, online payments, and point-of-sale infrastructure for small and mid-market businesses.
Summary
Canadian payments processor Helcim has closed a CAD $53 million (approximately $38 million USD) Series C funding round led by BDC Capital's Growth Venture Fund, marking a significant capital injection into the company's expansion strategy. The round attracted participation from venture investors Curql Collective and Gold House Ventures alongside the company's existing backers, underscoring sustained confidence in Helcim's market position within Canada's fintech ecosystem.
Founded in 2006 by CEO Nic Beique, Helcim operates a comprehensive merchant services platform that processes credit card transactions, online payments, and point-of-sale infrastructure for small and mid-market businesses. The company has demonstrated material growth, currently serving 22,000 active merchants and generating CAD $150 million (approximately $108 million USD) in annual revenue. Management projects that Helcim will process close to CAD $10 billion (approximately $7.8 billion USD) in total payment volume during 2026, indicating strong year-over-year momentum.
The Series C round represents Helcim's inaugural major funding event since completing a $20 million Series B raise two years prior. The company has earmarked the new capital specifically for product development initiatives spanning software, tools, and hardware infrastructure. A key strategic focus area is the Payment Extension tool, a recently launched integration platform designed to embed Helcim's payment processing capabilities directly into third-party software applications, expanding addressable market reach through technology partnership channels.
This funding activity reflects broader institutional confidence in Canada's payments infrastructure sector and demonstrates sustained appetite among venture capital firms for payments companies with demonstrated revenue scale and merchant traction outside major technology hubs.
Founded in 2006 by CEO Nic Beique, Helcim operates a comprehensive merchant services platform that processes credit card transactions, online payments, and point-of-sale infrastructure for small and mid-market businesses. The company has demonstrated material growth, currently serving 22,000 active merchants and generating CAD $150 million (approximately $108 million USD) in annual revenue. Management projects that Helcim will process close to CAD $10 billion (approximately $7.8 billion USD) in total payment volume during 2026, indicating strong year-over-year momentum.
The Series C round represents Helcim's inaugural major funding event since completing a $20 million Series B raise two years prior. The company has earmarked the new capital specifically for product development initiatives spanning software, tools, and hardware infrastructure. A key strategic focus area is the Payment Extension tool, a recently launched integration platform designed to embed Helcim's payment processing capabilities directly into third-party software applications, expanding addressable market reach through technology partnership channels.
This funding activity reflects broader institutional confidence in Canada's payments infrastructure sector and demonstrates sustained appetite among venture capital firms for payments companies with demonstrated revenue scale and merchant traction outside major technology hubs.
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