Peloton Technologies, a Canada-based FinTech company focused on innovating payment solutions, secured a funding extension of $1.5 million, bringing the total investment from the Pacific Economic Development Agency of Canada (PacifiCan) to $2 million.
The newly acquired funding will accelerate Peloton’s growth trajectory, allowing them to further their objective of providing affordable digital payments for SMEs across Canada.
Peloton Technologies is committed to developing its innovative SaaS-based payments platform. Their mission is to expand the client base of merchants who are eager to transition from traditional processes to streamlined digital transactions, making payments simple and efficient for small to medium businesses across Canada.
Craig Attiwill, CEO of Peloton Technologies Inc., said, “The original BSP funding fuelled our growth trajectory. Demonstrating success allowed us to triple our original ask and further accelerate our objective of providing affordable digital payments for SMEs across Canada.”
Company: Peloton Technologies, Inc.
Raised: $1.5M
Round: Unknown
Funding Month: July 2023
Lead Investors: Pacific Economic Development Agency of Canada (PacifiCan)
Additional Investors:
Company Website: https://peloton-technologies.com/
Software Category: Payments Platform
About the Company: Founded in 2011, Peleton Technologies is a SaaS-based platform that provides treasury transaction management and payment processing solutions for businesses. The company’s all-in-one cloud-based platform simplifies payments for organizations of any size. The extensible building blocks of the Peloton platform allow for rapid custom development of challenging requirements that aren’t met by any off-the-shelf products. Peloton Technologies' headquarters is located in Victoria, British Columbia, CA.
Source: https://fintech.global/2023/08/02/canadas-peloton-technologies-funding-hits-2m/