Helcim, a payments company that powers small business, has closed its Series A funding round, as it looks to hire over 150 new staff.
The investment was led by Toronto-based venture capital firm Information Venture Partners and US-based firm Aquiline Technology Growth. Other commitments came from Generational Platform Partners and Accelerate Fund, as well as several angel investors, including Boris Wertz, Jason Smith, Hanif Joshaghani, and Kevin Sandhu.
Capital from the round will help Helcim launch new products that will simplify how businesses get paid and adopt new payment technology. As part of its growth, the company will hire over 150 team members over the next two years. Positions are available in developers, customer service and sales.
The FinTech company relaunched as a payments facilitator in June 2020 and has experienced a 400% increase in sign-ups.
Helcim has a mission to become the world’s “most loved payments company by giving small businesses every possible edge to thrive and enrich out communities.”
Its platform supports online, over the phone and in-person payment services.
Helcim CEO and founder Nic Beique said, “We built Helcim to provide the payment tools that allow small businesses to thrive by combining our payments-first approach accessible and easy to use software, alongside our knowledgeable and helpful customer service.
“We’re thrilled to partner with Information VP and Aquiline to expand on our ecosystem of tools that ensure small businesses can access the payments solutions they deserve.”
As part of the funding round, Information VP principal Jane Podbelskaya and ATG’s Danté La Ruffa will join the Helcim board of directors.
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