London-based Web3 payments platform Helio has raised a $3.3 million Seed funding round to grow its sales and marketing teams and develop more partnerships with platforms and marketplaces.
The fintech start-up makes it easy for merchants, dApps, and creators on to accept instant crypto payments across multiple blockchains, including Solana, Polygon, and Ethereum. It also has a paywall feature for those making a living from platforms and social media.
“Digital payments is a +10T market with double-digit growth driven by emerging payment technologies such as blockchain payments. We believe a sizeable share of transactions will be executed on blockchains in the coming decade, creating a multi-billion dollar revenue opportunity,” says David Zwagemaker, Partner at Peak. “Helio will be leading the way with their API and simple UI that makes it easy for anyone to integrate in minutes and process Web3 payments without any prior blockchain experience.”
Helio was founded by serial entrepreneurs Jim Walker and Stijn Paumen and launched in the summer of 2022. It says it has processed over $10 million in e-commerce, NFT sales, SaaS subscriptions, content paywalls, and other payments for over 900 merchant customers and 35,000 users to date.
“Payments is the ultimate blockchain killer app, promising lower fees, instant settlement for merchants, and increased privacy & friction-free checkouts for users. Our goal is to bring these benefits to 100s of millions of users over time by lowering the barriers of using web3 technology and offering a familiar payment UX," says Stijn Paumen, CEO of Helio. “We’re thrilled with the backing, which will allow us to execute on our roadmap, scale the platform and streamline onboarding new clients.”