Slate
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Helcim

Slate x Helcim

Embedded Capital Partnership

February 2026 · Confidential

The Opportunity

Why Helcim merchants need capital

Cash flow gaps

SMBs wait 30-60 days for invoice settlement

Slow bank lending

Traditional loans take 4-8 weeks

Seasonal swings

30-50% revenue drops in off-peak months

Competitors are moving

Square, Shopify, PayPal already offer capital

Canadian merchants served across the country
20,000+ merchants across Canada

The Solution

Embedded capital,
powered by Slate

No balance sheet risk. No compliance burden. Revenue from day one.

H
Helcim

Surfaces offers in-platform

Slate
Slate Capital

Underwrites, funds & absorbs all risk

$
Merchants

Capital within 24 hours of approval

Pre-approved $10,000 working capital

How It Works

3 steps to embedded capital

Business verification complete screen
01

Verified & eligible

Helcim transaction data verifies the merchant. Slate pre-approves eligible businesses automatically.

API customization with color picker
02

Branded experience

Fully customizable embed — colors, typeface, logo. Looks native to Helcim, powered by Slate.

Pre-approved $10,000 working capital popup
03

Funded in 24h

Merchants receive capital within 24 hours. Repayment happens automatically via processing splits.

Integration

Choose your path

Start with Option 1 to validate demand. Go deeper when ready.

New Capital notification

No Engineering

DaysZero dev time
  • Pre-approval emails to merchants
  • Hosted application flow
  • Slate-branded experience
Recommended
Mobile approval notification

Drop-In Components

< 1 week1 developer
  • Banner in Helcim dashboard
  • White-labeled iframe
  • Co-branded experience
API integration flow

Full API

WeeksEngineering team
  • Native capital experience
  • Full white-label
  • Custom underwriting data

By The Numbers

The Helcim opportunity

0+
Helcim Merchants
0
Capital-Eligible
$0M
Annual Volume
$0M+
Partner Revenue
Payment Tracker — client pays $1,789, Slate earns $268, business receives $1,789

Market Context

The embedded capital wave is here

Square, Shopify, and PayPal have proven the model. Processors that don't offer capital risk losing merchants.

60%

of Canadian SMEs face ongoing cash flow challenges

$5.7B

originated by Square Loans alone in 2024

20%

higher spend per visit for embedded lending users

iPhone showing $10,000 approval notification

Economics

50/50 spread share

How Helcim Earns

Factor rate~20%
Term length3-4 months
Helcim's share~10% of funded principal
Cycles per year~3 (rolling)

Projected annual revenue

$3.24M

720 funded merchants x $18K x 2.5 cycles x 10%

Slate Handles Everything

All capital on Slate’s balance sheet

No credit exposure for Helcim

Underwriting & risk assessment

Using Helcim transaction data

Servicing, collections, compliance

Fully managed by Slate

Slate shield — zero risk for Helcim

Timeline

Live in
4 weeks

Revenue from Week 1 with Option 1

Ready to launch
Partner support
Week 1

Launch

  • Pre-approval emails sent
  • Hosted application flow live
  • Revenue starts day 1
Week 2

Embed

  • Banner in Helcim dashboard
  • White-labeled iframe
  • Co-branded merchant UX
Week 3

Optimize

  • Analyze conversion data
  • Tune eligibility criteria
  • Expand offer placement
Week 4

Scale

  • Full merchant rollout
  • Performance dashboard
  • Plan Phase 2 (Full API)

Next Steps

Let's build this together

Schedule a technical walkthrough to see Slate's integration in action

Slate

Devin Picciolini

Partnerships

devin@slate.cxtryslatehq.com
Schedule a call

Confidential · February 2026

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