Peloton Technologies builds a SaaS-based payments platform that provides treasury transaction management and payment processing solutions for businesses. Its all-in-one cloud platform simplifies payments and offers extensible building blocks for rapid custom development where off-the-shelf products fall short. The company is focused on expanding its merchant client base and helping SMEs across Canada transition from traditional processes to streamlined digital transactions. Management says newly acquired funding will accelerate growth and further its objective of providing affordable digital payments for SMEs. In July 2023 Peloton secured a $1.5M funding extension that the company says will support that expansion, bringing additional public-sector backing to its roadmap.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2023