Accelerate Fund III invests in Helcim to expand payment solutions for small businesses
Left to right: Marjorie Junio-Read Chief Financial Officer, Nic Beique Founder & CEO, Rob Park Chief Operating Officer, Brett Popkey Chief Technology Officer
Calgary, AB, April 27, 2022 – Accelerate Fund III today announced its investment into Helcim, a transparent and affordable payments solution provider to small businesses. This investment is part of Helcim’s $16 million CAD Series A funding recently announced.
Helcim’s all-in-one merchant platform delivers simple payment solutions for small businesses to get paid and grow their business. The company offers unlimited access to their ecosystem of payment technology and tools such as invoicing, eCommerce, inventory, virtual terminals, SMS payments and more.
“Our mission has always been to build the world’s most loved payments company,” said Nic Beique, Helcim CEO and Founder. “We’re thrilled to partner with investors, like the Alberta-based Accelerate Fund III, who believe in our mission and understand the importance of championing the growth of local tech companies.”
Helcim advocates for a better payment experience for merchants that’s easy to use, transparent and affordable. Without hidden costs or contracts, Helcim provides small businesses with exceptional service and pricing that puts them first.
“The founders of Helcim spent a decade getting to know the traditional merchant payment industry and the needs of small and medium businesses before transitioning to tech-first solutions to solve bottlenecks for customers,” commented Yasmine Al-Hussein, Investment Analyst, Accelerate Fund II & III. “After relaunching in June 2020, they are rapidly becoming a leading payments company for small businesses across North America that value their no surprise pricing and standout customer service. We are excited to support their continuing success, and hiring in Alberta.”
The Helcim team plans to use proceeds from the Accelerate Fund III investment in their first formal capital raise to launch new products that make it easier for businesses to get paid and adopt the latest payment technology that they want. The company seeks to hire 150 additional employees over the next two years, including developers, customer service, and sales to deliver on these enhanced service offerings.
Helcim is on a mission to be the world’s most loved payments company by giving small businesses every possible edge to thrive and enrich our communities. The company delivers an easier, smarter, and more affordable payment experience with a human touch. Helcim serves thousands of businesses in Canada and the US across 800 different industries, processing billions in payments each year.
About Accelerate Fund III
Accelerate Fund III is an early-stage angel co-investment fund in Alberta. We co-invest alongside angel investors in financing rounds and will typically invest up to $500,000 on the same terms and conditions as private investors. We work with formal angel groups, super-angels, family funds, and individual angel investors. Accelerate Fund III invests in private, early-stage Alberta companies in knowledge-based industries including: information and communications technology, energy technology, as well as life sciences, including agriculture and biotech. Accelerate Fund III is managed by Yaletown Partners with the support of The A100. Alberta Enterprise Corporation is Accelerate Fund III’s lead limited partner with support from other investors, including Opportunity Calgary Investment Fund.
Accelerate Fund III
Claudia @ materialinsight.com