Helcim Raises $53 Million Series C With Participation From Curql Fund

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Postmedia has not reviewed the content. by Business Wire Helcim Raises $53 Million Series C With Participation From Curql FundAuthor of the article:The round led by Business Development Bank’s (BDC) Growth Venture Fund lifts Helcim’s valuation to $250 million CAD, with participation from Curql Fund, Gold House Ventures, and existing investors.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCALGARY, Alberta — Helcim, a Calgary-based payments company that powers small and mid-sized businesses across North America, announced it has closed a $53 million CAD Series C funding round led by Business Development Bank’s (BDC) Growth Venture Fund. The round also included participation from new investors Curql, a strategic investment fund backed by more than 160 North American credit unions, and Gold House Ventures, alongside continued investment from existing backers Headline, Aquiline, Information Venture Partners, Vesey Ventures, Clocktower Ventures, and Alberta Accelerate Fund.The financing brings Helcim’s total equity raised to $100 million since its 2022 Series A and lifts the company’s valuation to $250 million, up from $97 million at its Series B in 2024. It follows a year in which Helcim crossed $150 million in annual recurring revenue (ARR), grew its team to 200 people, expanded its merchant base to more than 22,000 active businesses across Canada and the U.S., and is on track to process nearly $10 billion in annual payment volume.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe raise lands at a pivotal moment for the industry: several large Canadian and United States banks have recently sold off or outsourced their merchant services businesses, leaving a vacuum for small and mid-sized companies in need of a partner built specifically for them. Credit unions have lacked a great option in this area. Helcim is moving to fill that gap for small businesses – and, increasingly, mid-market companies – with three commitments: transparent pricing, an open merchant platform for accepting in-person and online payments, and great customer service.“There’s a real void in the market right now – merchants are coming to Helcim faster than ever, looking for a modern alternative,” said Nic Beique, Helcim’s Founder and CEO. “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 its own payments company in 2020, building its end-to-end infrastructure from the ground up rather than reselling another processor’s technology. That decision is what lets Helcim offer volume-based interchange plus pricing today instead of the inflated flat-rate fees many providers pass on to merchants.In January 2026, Helcim released an AI-powered Payment Extension that lets merchants self-integrate Helcim’s payments processing into the software they already use, giving merchants the freedom to choose their preferred payment processor rather than being locked into a single embedded-payments provider. Adoption of the tool has scaled quickly since launch, and it’s one of the clearest signals of the demand now underpinning this round.“Helcim is having a unique moment, growing fast and building a real advantage in the market,” said Jack Fraser, Partner at BDC Capital’s Growth Venture Fund. “Their recent AI-powered integration tool is a good example of the kind of fast-moving innovation we’re backing, and exactly what it will take to capture that opportunity.”Helcim plans to use the new capital to continue investing in its payments platform and to grow into additional financial services for its merchants. The company is also expanding partnerships with regional banks and credit unions that are moving away from traditional providers themselves, in search of a modern payments platform for their small business members.“Credit unions need to continue to upgrade their product offering for their small business members in the communities they serve if they want to remain relevant, compete and retain deposits,” said Nick Evens, President and CEO at Curql. “Helcim’s payment hub is the best we have seen and their value proposition for the CUs is far more robust than what is currently in market.”To learn more about Helcim, visit helcim.com.Helcim is on a mission to build the world’s most loved payments company. Launched in 2020 and headquartered in Calgary, Alberta, Helcim provides an all-in-one payments and software platform – including point of sale, invoicing, online checkout, a smart terminal, and embedded payments tools – built specifically for small and mid-sized businesses. Helcim serves more than 22,000 active merchants across North America and processes billions in payments annually. For more information, visit helcim.com.BDC focuses on small- and medium-sized business owners, providing them financing, investment, and advice. As Canada’s development bank, they also support entrepreneurs who don’t fit the traditional mold working with a network of partners and help develop underserved markets to unlock economic potential. Their mission is to build strong, resilient businesses that drive Canada’s economic growth. BDC is a perennial Canada’s Top 100 Employer and B Corp certified. Learn more at bdc.ca or connect on social media.Curql, a collective of over 160 credit unions jointly investing in fintech, brings timely solutions to the credit union industry. With over 50 fintech investments in the portfolio, Curql ensures that technology is designed specifically for credit unions, allowing them to better serve their members and remain competitive in an evolving financial landscape. Interested in learning more about how Curql brings fintech to credit unions? Visit curql.comView source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.