Canadian Processor Helcim Looks to Draw More Partners With a Revenue Split

The Canada-based payments provider Helcim Inc., which like many processors works with a range of third-party partners, said late on Tuesday it is stepping up that collaboration to allow these integration partners to share in the company’s transaction revenue.

Helcim figures revenue sharing will help attract yet more developers and other partner companies and give them an incentive to maintain their integrations, says its founder and chief executive, Nic Beique, in a statement. Information wasn’t immediately available regarding the specifics of the program, including the percentage that will be shared with partner companies.

Founded four years ago at the height of the Covid pandemic, the Calgary-based company serves a range of merchant segments, including the highly competitive restaurant market. Helcim says it already works with a wide variety of developers, including software-as-a-service platforms, manged-service providers, and Web designers. It processes transactions for both point-of-sale and e-commerce businesses. For card-present transactions, the company recently launched its Smart Terminal API, aimed at easing integrations for developers.

Helcim has raised its profile significantly in recent months. In May, Apple Inc. designated the company, along with seven other processors, to be the first to offer tap-to-pay on iPhone in Canada. That technology allows merchants to process card transactions using an ordinary iPhone. A year ago, it launched its Helcim Smart Terminal,  a $349 (C$429) device that features a built-in printer, large display, and both contact and contactless capability for card processing.

The private company has also been able to attract funding.  In February, it raised $27 million from six investors in a Series B round.