Headline, a San Francisco-based venture capital firm, led the financing. Other new investors include Connecticut-based Vesey Ventures, Santa Monica, Calif.’s ClockTower Ventures and San Francisco VC firm SilverCircle. Alberta Accelerate Fund, Aquiline and Information Venture Partners returned as investors. (The Logic)

Talking point: Helcim’s payments platform charges interchange fees plus an eight-cent margin. Unlike other processors who charge fixed rates, Helcim’s “Interchange Plus” model fluctuates based on the type of transaction, which the company says is more transparent and less susceptible to hidden fees. Axios, which first reported the round, said Helcim’s transactions average 1.93 per cent plus eight cents, lower than competitors Square and Lightspeed. In a blog post, Helcim CEO Nic Beique said the company has grown fivefold since its 2022 Series A. It will use the latest capital injection to expand technology investments and distribution channels.