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Peloton Technologies Company Overview
Peloton Technologies is a financial technology firm founded in 2011 and based in Victoria, British Columbia. Its core offering is an all-in-one payments platform designed for Canadian small and medium-sized businesses, enabling them to manage transactions such as card payments, bill payments, payroll, wire transfers, ACH, and foreign exchange—all from a single interface. The platform includes features like tokenized card and bank vaults, self-service currency exchange, request-to-pay links, accounting integrations (e.g., QuickBooks, Xero), recurring scheduling, and consolidated financial reporting. Peloton emphasizes simplification of complex payment workflows, providing flexibility and enhanced transactional visibility across multiple financial institutions. In 2023, the company secured C$2 million in seed funding—the most ever funded fintech in BC—tapped into PacifiCan’s Business Scale-Up and Productivity Program, and acquired KIS Payments to expand its merchant base and scale operations.