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Canadian Tech in 100 Words

Helcim

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.

Calgary’s Helcim Speeds Up Merchant Cash Flow

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Calgary fintech company Helcim has introduced “Faster Deposits,” a new feature that enables small and mid-sized businesses across North America to access funds within minutes of processing credit card transactions. Utilizing real-time networks like Interac Instant, RTP, and FedNow, the system eliminates the standard 1–3 day wait, without extra fees.

Merchants at eligible banks are automatically enrolled after initial transactions. CEO Nic Beique called the feature a “transformation,” addressing common cash flow issues for businesses. Now in beta, Faster Deposits will be fully available by summer 2025.

Want to know more? Check out the source code on Fintech.ca.

Helcim Launches Tap to Pay on iPhone in North America

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Helcim, a Calgary-based payment solutions provider, has launched Tap to Pay on iPhone for North American customers. This feature allows merchants to accept in-person contactless payments using credit, debit cards, and digital wallets directly on their iPhone, without additional hardware. CEO Nic Beique called it a “game-changer” for small and medium-sized businesses.

The launch follows the introduction of Helcim’s gross deposit funding system in September. Helcim, founded in 2006, continues to expand its offerings, which include a Contract Buyout Program and Automated Invoice Payments for QuickBooks.

Want to know more? Check out the source code on Fintech.ca.

Helcim Launches Program for Businesses to Simplify Switching Payment Providers

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Canadian fintech Helcim has introduced a new Contract Buyout Program to help businesses switch to their payment services without financial penalties. This initiative addresses common issues like rate hikes, outages, and hidden fees, offering up to $500 in waived processing fees for merchants facing Early Termination Fees or equipment lease payables.

CEO Nic Beique emphasized Helcim’s commitment to providing transparent, reliable service. The program includes self-service guides and personalized support to make the transition seamless. Businesses switching to Helcim can enjoy affordable pricing, excellent customer support, and a comprehensive payment platform for online and in-person transactions.

Want to know more? Check out the source code on Fintech.ca.

Helcim Raises $27 Million to Transform Payment Processing

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Calgary fintech Helcim has closed a $27 million Series B funding round led by Silicon Valley VC Headline. The funding will allow Helcim to further its mission of delivering superior payment and business management solutions to traditional SMBs and mid-market Main Street merchants across Canada and the U.S.

This funding round marks a significant milestone for Helcim, reflecting substantial growth in 2023, serving merchants in major industries including healthcare, automotive, B2B wholesale, and professional services, with a merchant presence in every U.S. state and 12 of the 13 provinces and territories in Canada.

Want to know more? Check out the source code on Calgary.tech.

Calgary’s Helcim Introduces Cutting-Edge Smart Terminal for Businesses

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Calgary-based payments pioneer, Helcim, unveiled its game-changing Smart Terminal, an all-in-one device that simplifies payment processing for businesses.

With Helcim’s preloaded POS app, the wireless terminal allows merchants to accept tap, chip, and PIN payments seamlessly.

The Android-powered device eliminates the need for managing multiple devices, providing payment processing, inventory management, and receipt printing in a single terminal.

The Smart Terminal replaces the previous Helcim Card Reader, offering enhanced features.

With an affordable interchange plus fee model, businesses can save an average of 22%. Priced at $429, the Smart Terminal is contract-free, easy to set up, and comes with a built-in printer.

Want to know more? Check out the source code on Calgary.tech.