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/