Canadian Fintech Simplifying SME Payments Closes Seed Round with $2M in Funding

VICTORIA, BC, Nov. 23, 2023 – Peloton Technologies is announcing the close of their late seed round after securing $2M in investment. This funding is earmarked for activities that contribute to the company’s rapid growth trajectory. Founded in 2011, Peloton’s mission is to change the Canadian payments industry for the better by simplifying the traditionally convoluted workflows faced byContinue reading “Canadian Fintech Simplifying SME Payments Closes Seed Round with $2M in Funding”

Peloton Technologies accelerates growth through acquisition of KIS Payments 

VICTORIA, BC | October 18, 2023 – The acquisition of KIS Payments expands Peloton’s client base and sales teams, allowing Peloton to rapidly scale delivery of their innovative service offerings. The acquisition evolved from KIS’ involvement in Peloton’s partner program. As an independent sales organization (ISO), KIS was intrigued by the prospect of offering theContinue reading “Peloton Technologies accelerates growth through acquisition of KIS Payments “

Peloton Technologies Inc. becomes PacifiCan’s highest funded FinTech.

The Honourable Harjit S. Sajjan announces funding of over $8.1 million, extending Peloton’s total funding to $2 Million. July 10, 2023 – VICTORIA, BC – Peloton Technologies Inc. receives a funding extension of $1.5 million, for a total amount of $2 million, from the Pacific Economic Development Agency of Canada (PacifiCan) Business Scale-Up and ProductivityContinue reading “Peloton Technologies Inc. becomes PacifiCan’s highest funded FinTech.”

Government of Canada invests in industry-leading innovation in Victoria

The Honourable Harjit S.Sajjan announces funding of over $3.25 million to three companies in the food processing and digital technology sectors July 20, 2022 – Victoria, British Columbia – Pacific Economic Development Canada British Columbia’s small and medium-sized enterprises (SMEs) are critical to their communities – they create jobs, drive economic growth, and develop products andContinue reading “Government of Canada invests in industry-leading innovation in Victoria”

Wrapping up our First Raise

Our first equity crowdfunding campaign has successfully wrapped! We’re thrilled to welcome 111 new shareholders. In the end, we surpassed our goal and raised $429,596. Now, we’re putting these funds to work! We’re growing our team to keep up with demand, developing our platform to deliver the best possible product and continue to innovate.  It’sContinue reading “Wrapping up our First Raise”

A New Approach to Partnership Programs in the Payments Industry

Learning from traditional partnership programs in the payments industry, Peloton has established its own improved model with an emphasis on positive long-term relationships. VICTORIA, January 19, 2022 – Peloton Technologies Inc. is announcing the launch of its partnership program. This announcement comes after extensive work ensuring the model would help forge strong, mutually beneficial partnerships leveragingContinue reading “A New Approach to Partnership Programs in the Payments Industry”

Victoria-based fintech company Peloton raises $500,000 with participation from BDC to increase SME clientele in Canada and the U.S.

VICTORIA, January 20, 2021 – Peloton Technologies, a fintech company headquartered in Victoria, B.C., has secured $500,000 in new funding in order to grow its client base as small and medium-sized businesses shift their banking online because of COVID-19. Of this amount, $350,000 comes as non-dilutive financing from BDC’s Technology Industry Team, with the balanceContinue reading “Victoria-based fintech company Peloton raises $500,000 with participation from BDC to increase SME clientele in Canada and the U.S.”

EDC looks to support Canada’s SaaS exports.

CEO Craig Attiwill joins panel at EDC conference to discuss opportunities to support SaaS-based companies VICTORIA February 21, 2020 – The previous models at Export Development Canada are based on traditional goods import/export and so at this year’s EDC conference in Ottawa, a panel was held to discuss how to support Canada’s software and technologiesContinue reading “EDC looks to support Canada’s SaaS exports.”

CEO Craig Attiwill represents Candian FinTechs payments sector at Singapore FinTech Festival

Toronto Financial International (TFI) hosts its inaugural Canadian delegation to Singapore. VICTORIA November 11, 2019 – Toronto Finance International is hosting its inaugural FinTech mission to Singapore. Canada’s FinTech ecosystem is thriving, and growth in investment is allowing Canadian FinTechs to scale and compete on the global stage. The Singapore FinTech Festival offers the perfectContinue reading “CEO Craig Attiwill represents Candian FinTechs payments sector at Singapore FinTech Festival”