Helcim Reaches $250M Valuation Following Successful Series C Funding Round
Calgary-based payments company Helcim has reached a valuation of C$250 million ($180.55m) after securing C$53 million in its latest Series C funding round, led by the Business Development Bank of Canada's (BDC) Growth Venture Fund. The financing also included new investments from Curql Fund and Gold House Ventures, as well as follow-on support from existing investors. Since launching as a standalone payments provider in 2020, Helcim has grown rapidly to serve over 22,000 active merchants across North America. It recently crossed C$150 million in annual recurring revenue and now employs more than 200 people. The company plans to use the new funding for platform expansion, team growth, and moving up-market. Helcim's CEO Nic Beique highlighted a growing demand from small and mid-sized businesses seeking modern payment solutions as traditional banks outsource merchant services operations.
Topics: Helcim Series C financing valuation