Helio is a web3 payments solution provider whose platform powers thousands of merchants, decentralized applications and creators. Users can utilize the platform in a secure and convenient way to to accept decentralized crypto payments on numerous chains including Ethereum, Solana and Polygon.
Helio offers a platform with several advantages including the ability to receive payments directly from customers without needing middlemen therefore, reducing transaction costs and freeing up critical developer resources to allow developers focus on their businesses, integrating solutions in minutes. The platform also allows customers to pay easily and quickly, all with one tap on their Phantom, Metamask or other wallets with no login required.
Helio, based in London, has recently announced that it had raised $3.3 million in a seed fundraising round that was co-led by Peak and LightSpeed Faction. The round also saw participation from other crypto investment firms RockawayX and Solana Labs through Solana Ecosystem Fund among other notable angel investors. According to Helio, the proceeds acquired from this round will go towards growing the firm’s sales and marketing teams as well as developing more partnerships with other platforms and marketplaces.
Helio was founded in summer of 2022 by serial entrepreneurs Jim Walker and Stijn Paumen. Since its inception, the platform has processed transactions worth $10 million from e-commerce, NFTs sales, SaaS(Software as a Service) subscriptions and content paywalls among other transaction on behalf of over 900 merchant customers and over 35 000 users.
The founders of this platform had a vision of building the “Stripe” of web3 economy for the purpose of making integration of blockchain-native payments as simple as setting up a Gmail account. With promises of lower fees and instant merchant settlements in a manner that enhances privacy and seamless checkouts for users, the firm aims to benefit hundreds of millions of users over time by lowering barriers of using web3 technology. The firm is instead offering a familiar payments UX product and this feat has earned it recognition in the top 50 decentralized finance applications across all blockchains.
Digital payments is a massive industry that has been projected to grow by
$14.78 Trillion between the years 2023 and 2027, at least according to Statista. This growth accounts for 11.8% which indicates that the current value of the market is still large. This sector has been rocked with emerging payment technologies like blockchain. According to Helio, a sizeable share of transactions will be executed on blockchains in the next decade therefore, the firm is positioning itself by designing an API with a simple UI(User Interface) to make integration of web3 payments easy without requiring prior knowledge therefore, creating a multi-billion dollar revenue stream.
