Breaking News
Canadian Fintech Simplifying SME Payments Closes Seed Round with $2M in Funding
Peloton Technologies is announcing the close of their late seed round after securing $2M in investment. This funding is earmarked for activities that contribute to the company’s rapid growth trajectory.
Founded in 2011, Peloton’s mission is to change the Canadian payments industry for the better by simplifying the traditionally convoluted workflows faced by SMEs (Small and Medium Sized Enterprises). Peloton’s innovative platform supports the widest range of payment needs for SMEs in the market.
“We’re thrilled with the response from the Private Investor community. We have a world-class group of investors with deep background in payments, banking, risk management, compliance, accounting, IT architecture, and securities law. This capital is instrumental to our acquisition strategy and a catalyst to our organic growth initiatives. It’s a precursor to a larger capital raise planned for Q1/Q2 of 2024.” – John MacKinlay, Executive Chair of the Board, Peloton Technologies
With rapid growth their goal, Peloton recently acquired an ISO (Independent Sales Organization) and rolled their merchant services operations into Peloton’s sales team. The new investment bolsters Peloton’s growth strategy through the acquisition of additional ISOs. Acquiring ISOs expands Peloton’s client base and sales operations, expediting the delivery of their innovative service offerings.
People In This Post
Companies In This Post
- Building True Resilience in the UK Payments Ecosystem | Part 7 | Bottomline Read more
- Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns Read more
- Tuum and Abwab.ai Partner to Deliver End-to-End SME Lending Solutions in the Middle East Read more
- Tuum Powers Bank CenterCredit’s Digital Transformation, Setting a Blueprint for BaaS and Core Modernization in Global Banking Read more
- GFT’s Generative AI Credit Risk Assistant to Inform Major Lending Decisions Read more
Over Half of Brits Lack Retirement Confidence as Cost-of-living Bites
New research from PensionBee, a leader in the consumer retirement market, reveals that September is a pinch point for household budgets, with rising bills leading many to reconsider their long-term savings.
Afreximbank’s Africa Research and Innovation Hub (ARIH) Seeks to Unlock US$70 Billion Annual Economic Gains for Africa
The African Research and Innovation Hub (ARIH) that was recently launched by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is seeking to unlock up to US$70 billion annually in economic gains for Africa by boosting innovation-driven sustainable growth.
The West African Development Bank (BOAD) Officially Joins the Global Alliance Against Hunger and Poverty
The West African Development Bank (BOAD) (www.BOAD.org) is pleased to announce its official membership in the Global Alliance Against Hunger and Poverty. This initiative, spearheaded by the Brazilian Presidency of the G20, seeks to eradicate hunger and poverty (SDGs 1 & 2) and reduce inequalities (SDG 10) by supporting low-income countries.
WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance
WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced it raised $45 million in funding.
Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion
Tamara has secured the largest asset-backed facility of its kind in the region of up to $2.4 billion from major FIs
SEON Closes $80 Million Series C Led by Sixth Street Growth
SEON announced the close of its $80 million Series C round of funding, led by Sixth Street Growth
Spare Secures $5mln in Pre-Series A Funding to Build the Next Generation of Open Banking Infrastructure
Spare, a fast-growing open banking infrastructure provider based in Riyadh, raised USD 5 million in a pre-Series A funding round
Building True Resilience in the UK Payments Ecosystem | Part 7 | Bottomline
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns
More than half (59%) of Brits admit that they’ll use AI to help with their tax return
Tuum and Abwab.ai Partner to Deliver End-to-End SME Lending Solutions in the Middle East
Tuum has partnered with Abwab.ai to deliver an end-to-end digital lending solution for SMEs across the GCC
Tuum Powers Bank CenterCredit’s Digital Transformation, Setting a Blueprint for BaaS and Core Modernization in Global Banking
Tuum has been selected by Bank CenterCredit (BCC) to power its new Banking as a Service (BaaS) proposition
GFT’s Generative AI Credit Risk Assistant to Inform Major Lending Decisions
GFT Technologies announced its work to launch a generative AI powered credit risk assistant in the U.S.
Yuno Launches NOVA, AI Agents to Turn Payment Friction Into Growth; Merchants Recover Up To 75 Percent of Failed Transactions
Yuno announced the launch of NOVA, a series of AI agents that turns payment friction into growth for merchants
Adyen, Partner of LVMH, Redefines Payments in the Global Luxury Sector
Adyen is supporting LVMH in a major international initiative: the unification of payment systems across all of its Maisons