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Peloton Technologies Secures $2 Million CAD in Seed Round

Peloton Technologies, a Victoria, Canada-based fintech startup, has secured $2 million CAD in seed funding. The investors in the round we're not disclosed.

Ben Murray profile image
by Ben Murray
Peloton Technologies Secures $2 Million CAD in Seed Round

Peloton Technologies, a Victoria, Canada-based fintech startup, has secured $2 million CAD in seed funding. The investors in the round we're not disclosed.

Peloton Technologies Use of Funds 

The company will use the funding to support its rapid growth trajectory and acquisition strategy. 

About Peloton Technologies 

Peloton Technologies offers an all-in-one payments platform aimed to help Canadian small and medium-sized businesses (SMBs) process payments, complete transfers, exchange currency, and store payment data. The company's mission is to change the Canadian payments industry for the better by simplifying the traditionally convoluted workflows faced by SMEs. 

Funding Details       

Company: Peloton Technologies, Inc. 

Raised: $2.0M CAD 

Round: Unknown  

Funding Month: November 2023 

Lead Investors: Undisclosed 

Additional Investors: 

Company Website: https://peloton-technologies.com/  

Software Category: Payments Software 

Source: https://peloton-technologies.com/canadian-fintech-simplifying-sme-payments-closes-seed-round-with-2m-in-funding/ 

Ben Murray profile image
by Ben Murray

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