S9 Bonus: Nic Beique, Helcim

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

Tech News, News, Business, Technology, Entrepreneurship, Careers

4.6 • 216 Ratings

🗓️ 23 May 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nic Beique was born in Odessa, Texas, but moved when he was very young to Montreal. Later in his teens, he moved to Alberta, which he describes as the "Denver of Canada". He loves his work, and spends most of his time thinking about how to expand his new venture - but outside of this, he lives in a beautiful city, with tons of hiking, skiing and snowboarding. He also enjoys a lego set here and there, keeping close to his building roots. Nic started his first payments business a decade ago, which lived under the shadow of the bank. After many years of negotiation, he convinced the powers that be to let his company become its own payment processor. And after 3 years, he built a giant MVP to build the Square for grown-ups This is the creation story of Helcim. Our Sponsors: * Check out Kinsta: https://kinsta.com * Check out Red Hat: https://www.redhat.com * Check out Vanta: https://vanta.com/CODESTORY Support this podcast at — https://redcircle.com/code-story/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	So I actually started my first payments business over a decade ago.
0:04.0	It was really a reseller of merchant services.
0:06.0	So we tried our best to make it friendly and bring what we could to it, but we were still under the shadow of a bank because we were reselling somebody else's services.
0:15.0	But along the way, finally convinced one of the big banks to let us be our own processor, and that took many years. And that
0:21.2	sent me down the journey of trying to build essentially an entire payments company from scratch
0:26.7	to what became Hellsum, which was launched in 2020. But from the green light of you can be your
0:33.4	own processor to actually launching Hellsum was actually a giant three-year MVP.
0:39.8	My name is Nick Beak and I'm the founder and CEO of Halsam.
0:46.6	This is Code Story.
0:49.4	A podcast bringing you interviews with tech visionaries.
0:52.3	It's six months moonlighting.
0:53.9	There's nothing on the backcats.
0:55.8	Who share what it takes to change in industry.
0:58.3	I don't exactly know what to do next.
1:00.2	Just took many goes to get right.
1:01.9	Who built the teams that have their back.
1:04.7	The company is its people.
1:06.1	The teams help each other achieve.
1:07.5	Most proud of our team.
1:09.0	Keeping scalability top of mind.
1:11.7	All that infrastructure was a pain.
1:12.8	Yes, we've been fighting it as a group.
	...

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