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
- DataHaven Software Announces Sponsorship of Elite Brazilian Jiu-Jitsu Athletes for 2026 Pan IBJJF Championship Read more
- EXCLUSIVE: “Exchange of Information” – Ayuna Nechaeva, London Stock Exchange Group in ‘The Paytech Magazine’ Read more
- Bank of Ireland: How Data Is Shaping Smarter Banking Read more
- When Will AI Replace Your Job? Read more
- Black in Fintech Launches Speaker Index as Community Expands With Senior Advisory Board Read more
Apis Partners Portfolio Realisations Surpass US$1 Billion
Apis Partners Group (UK) Limited (“Apis”), a global private equity firm specialising in financial infrastructure and technology, today announced that cumulative portfolio realisations across funds managed by the firm surpassed US$1 billion during Q1 of this year. Achieving this milestone in a challenging exit environment underscores the strength of Apis' approach to portfolio construction and its track record on exits.
Talino Closes $7.5M Series A to Launch a Global Fintech Foundry and Modernize Cross-Border Infrastructure
Talino, the award-winning fintech foundry, announced the successful closing of its $7.5 million Series A funding round
Obin AI Emerges from Stealth to Build Agentic Workforce for Financial Institutions
Obin AI, an enterprise AI company building an agentic workforce for financial institutions, announced it has raised $7 million in seed funding
Theo Raises $100 Million to Bring the Gold Standard Back to the Dollar
Theo, a tokenization platform built by former traders from Optiver and IMC, today announced the successful close of its Genesis Vault, raising over $100 million within 24 hours. The capital will back thUSD, a yield-bearing stablecoin powered by thGOLD – Theo's tokenized gold product backed by the world's deepest and most liquid commodity market.
SuperSeed Launches Physical AI Seed Fund with up to £50m Cornerstone Commitment From British Business Bank
SuperSeed Fund III has secured a cornerstone commitment of up to £50 million from the British Business Bank to invest in B2B AI and SaaS startups. The Bank has made its commitment through the Enterprise Capital Funds programme, with the fund also having the benefit of being accredited by the UK's National Security Strategic Investment Fund (NSSIF) as was SuperSeed’s prior fund.
TransFi Inc. Raises $19 Million to Build an Emerging Markets–Focused Global Payments Platform on Stablecoin Rails
TransFi Inc., a global payments infrastructure company on stablecoin rails,, focused on emerging markets, today announced the closing of a $19.2 million financing round, comprising $14.2 million in Series A equity and a $5 million committed liquidity facility.
Upvest Secures $125m to Cement Its Position as Europe’s Leading API-First Investment Infrastructure
Upvest today announces a $125 million financing round to accelerate the modernization of legacy banking systems across Europe and the UK
DataHaven Software Announces Sponsorship of Elite Brazilian Jiu-Jitsu Athletes for 2026 Pan IBJJF Championship
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
EXCLUSIVE: “Exchange of Information” – Ayuna Nechaeva, London Stock Exchange Group in ‘The Paytech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Bank of Ireland: How Data Is Shaping Smarter Banking
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
When Will AI Replace Your Job?
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Black in Fintech Launches Speaker Index as Community Expands With Senior Advisory Board
Black in Fintech has launched a speaker index to increase the visibility of Black professionals across financial services and fintech
Revolut Reports Record Profit of $2.3bn for 2025 as Revenue Surges to $6bn
Revolut released its Annual Report for the year ending 31 December 2025 is delivering record profitability and global scale as it transitions into a truly global bank
HSBC Announces David Rice as its First Chief AI Officer
HSBC Holdings plc today announced David Rice will be appointed as HSBC’s first Chief AI Officer, effective 1 April.