Peloton Technologies

What Peloton Technologies does

Peloton Technologies is a Canadian cloud-based SaaS payments company founded in 2011 and headquartered in Victoria, British Columbia. It targets small and medium-sized enterprises in Canada and the United States with a unified portal — the Peloton Portal — that consolidates banking, payment processing, accounts receivable and payable, foreign exchange, and point-of-sale activity into a single interface. The platform supports domestic and international EFT, wire, and card-funded supplier payments, with Bill Pay by Card (via Visa BPSP and Mastercard BPSP) enabling businesses to pay non-card-accepting suppliers by credit card while earning rewards and extending cash float up to 55 days. Self-Serve Currency Exchange, built on APIs from a major Canadian financial institution, supports cross-border transactions to 30 countries.

The platform's technical stack exposes a REST API and .NET SDK for embedded and white-label use, integrates natively with QuickBooks Online and Xero for AR/AP reconciliation, and supports Clover and Elavon POS hardware. Peloton maintains PCI DSS Level 1 compliance, is listed on the Visa Global Registry of Service Providers 2025, and operates dedicated AML/KYC functions. Cumulative transaction volume processed has exceeded $1 billion across an installed base of 800+ SME clients.

Revenue is generated through transaction-based fees on payment processing, monthly platform subscriptions (with a $2.83-per-payment 30-day trial tier), POS hardware resale (Clover, Elavon), and event/market payment services. Distribution combines direct self-serve digital onboarding, an ISO/channel partner program (bolstered by the October 2023 acquisition of KIS Payments), POS hardware resale, and event partnerships. The company is private, has raised approximately $7M+ CAD across multiple rounds since 2011, and is led by Founder & CEO Craig Attiwill with John MacKinlay as Executive Chair.

Name

Peloton Technologies

Legal name

Peloton Technologies, Inc.

Website

https://peloton-technologies.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Peloton Technologies is a Canadian cloud-based SaaS payments platform serving 800+ small and medium-sized businesses with consolidated payment processing, Bill Pay by Card, FX exchange, AR/AP workflows, and POS solutions across Canada and the U.S.

Ownership category

akta.pro rank

Product category

Payment Processing Software

NAICS

Depository Credit Intermediation (5221)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)

Keywords

• Cloud-based payment processing
• B2b payment platform
• Supplier invoice payments
• Currency exchange services
• Point-of-sale solutions

Headquarters

HQ city

Victoria

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Transaction/Payment Processing Fees: Peloton charges transaction fees for processing credit card, EFT, ACH, and wire payments. The company offers competitive rates with volume-based pricing advantages, particularly on FX and international payments. Transaction fees are collected monthly from linked bank accounts.
2. Platform/SaaS Subscription Fees: Monthly subscription for access to the Peloton Portal with features like unified payment management, AR/AP processing, accounting integrations, and reporting. A 30-day trial plan is available at $2.83 per payment during the trial period.
3. Point-of-Sale Hardware Sales: Sale and supply of POS hardware (Clover Flex, Clover Mini) and peripherals to merchants for in-store payments at events, markets, and retail locations.
4. Event & Market Payments Services: End-to-end payment services for event and market organizers, supplying hardware, software, support, and settlement services to vendors at events like the Shipyards Christmas Market.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels8 records

Core offering

Peloton Technologies operates the Peloton Portal, a cloud-based SaaS payments platform that consolidates banking, credit card processing, EFT/ACH, wire transfers, bill payment, accounts receivable/payable, currency exchange, and point-of-sale into a single portal for Canadian small and medium-sized businesses. The platform also offers white-label and embedded payments for ISOs and partners, plus dedicated hardware (Clover, Elavon) for in-person retail and event payments.

Product overview

Peloton Technologies offers a unified cloud-based SaaS payments platform with multiple integrated modules designed for Canadian SMEs. The core product is the Peloton Portal, which consolidates all banking and payment activity into a single interface. Key product modules include Bill Pay by Card (enabling credit card payments to non-card-accepting suppliers), Point-of-Sale Solutions (Clover and Elavon hardware), Ecommerce payment processing, Embedded Payments for partners, Events & Markets solutions, and Self-Serve Currency Exchange for cross-border transactions. Additional capabilities include PCI Compliant Payment Links, Payments Platform for multi-bank management, and Peloton for ISOs partner program. The company acquired KIS Payments in 2023 to expand its sales operations and client base.

Differentiator

Problem solved

Functional benefit

Brands

• The Peloton Portal: The company's cloud-based SaaS payments platform that consolidates banking and payment activity into a single portal, replacing the earlier MyAccount product.
• Bill Pay by Card
• Self-Serve Currency Exchange
• Peloton for ISOs
• Payments Platform

Products and services

• Bill Pay by Card Enables businesses to pay supplier invoices with a credit card even when suppliers do not accept cards directly; Peloton processes the card payment and delivers funds to suppliers via EFT, wire, or cheque. Delivers up to 55 days of cash flow flexibility, 2-5% early payment discounts, and credit card rewards on supplier payments. Supports Visa BPSP and Mastercard BPSP programs and is used by Canadian SMEs for working capital management.
• Peloton Portal Unified cloud-based SaaS platform that consolidates banking, credit card processing, EFT/ACH, wire transfers, AR/AP processing, and accounting software integration into a single dashboard for Canadian SMEs.
• Point-of-Sale (POS) Solutions

Quantifiable outcome

• 36-40% increase in customer business volume in first year
• +4 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Parfait Productions Inc.minorGTM or Marketing Partner · 23 September 2025Peloton was selected as official payments partner for BC's largest Christmas Market (Shipyards Christmas Market), organized by Parfait Productions. Peloton supplies POS hardware and software for 100+ vendors serving 350,000+ expected visitors. Second consecutive year as payments partner.
• Major Canadian Financial Institution (FX API Partner)coreTechnology or Integration · 30 May 2024Peloton's Self-Serve Currency Exchange capability was built on APIs from one of Canada's largest and most reputable financial institutions, enabling bank-grade FX services through Peloton's platform. This bank-fintech partnership enables Canadian businesses to access competitive FX rates.
• KIS Payments (Acquired)coreChannel Partner/ Reseller/ Distributor · 18 October 2023Peloton acquired KIS Payments in October 2023 to expand its client base and sales teams. The acquisition grew both the client base and team by adding to Sales and Support teams, marking a new phase of growth through ISO acquisition. KIS was an ISO operating in Peloton's partner program.
• KIS PaymentscoreChannel Partner/ Reseller/ Distributor · 19 January 2022KIS Payments was Peloton's initial ISO partner in the partner program, offering the full Peloton solution to their merchant clients. The success of the partnership led to acquisition in October 2023. KIS was focused on providing education to Canadian merchants on payment processing with transparency, support, and great technology.
• Export Development Canada (EDC)minorStrategic or Co-development Partner · 21 February 2020CEO Craig Attiwill joined an EDC conference panel to discuss how EDC can better support Canada's software and SaaS export industries. EDC is exploring new models to support Canada's next generation of global SaaS champions beyond traditional goods import/export.
• Toronto Financial International (TFI)minorGTM or Marketing Partner · 11 November 2019TFI hosted its inaugural Canadian FinTech delegation to the Singapore FinTech Festival. CEO Craig Attiwill represented Canada's FinTech payments sector at this global event, showcasing Canadian FinTech capabilities to international financial institutions.
• Clover (Point-of-Sale)coreTechnology or IntegrationClover is a POS hardware and software provider integrated with Peloton's platform. Peloton supplies Clover Flex and Clover Mini devices to merchants at events, markets, and retail locations. Clover is ranked globally as best-in-class small business POS.
• QBO (QuickBooks Online) and XerocoreTechnology or IntegrationPeloton's platform integrates with QBO and Xero accounting software, enabling businesses to sync AR/AP data directly between the Peloton Portal and their accounting systems, facilitating automated reconciliation and payment processing.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Stripe: Global payments platform offering card processing, embedded finance, and developer APIs to businesses of all sizes. Overlaps with Peloton on online payments, API-driven integration, and embedded payment capabilities, with far greater scale and capital.
• Lightspeed Commerce: Canadian-headquartered commerce and POS platform serving SMBs in retail, hospitality, and golf. Overlaps with Peloton on POS and SMB payment processing, with broader vertical coverage and public-company scale.
• Block (Square): Global SMB payments and POS provider (Square) offering card processing, POS hardware, and banking/financial services for small businesses. Comparable to Peloton across POS hardware, payment processing, and SMB financial services, with broader reach.
• Moneris: One of Canada's largest payment processors, serving SMBs and enterprise with card acceptance, POS, and online processing. Broad incumbent competing with Peloton across the Canadian SME market, with deeper capital and merchant base.

Emerging players

• Meld: Canadian SMB-focused embedded payments and financial software platform targeting accountants and small businesses. Comparable to Peloton in serving Canadian SMEs with integrated payment and AR/AP workflows.

Others

• Clover Network (First Data / Fiserv): POS hardware and software platform from Fiserv that Peloton resells and integrates with as a Clover partner. Relevant peer because it is both a partner and an upstream platform on which part of Peloton's event/market SMB offering depends.

Direct peers

• Wave Financial: Canadian SMB-focused accounting, invoicing, and payment software (acquired by H&R Block). Comparable to Peloton as a Canadian SMB financial software play combining invoicing, bill pay, and payments for small businesses.
• Veem: Multi-currency B2B payments platform enabling international supplier payments with FX and card options for SMBs. Directly comparable to Peloton's Self-Serve Currency Exchange and international Bill Pay by Card offering.
• Helcim: Canadian payments processor offering card acceptance, online payments, and invoicing for SMBs with transparent interchange-plus pricing. Highly comparable to Peloton as a domestic Canadian alternative for SMEs seeking lower-cost, integrated payments.
• Plooto: Canadian B2B payments platform automating bill payments, vendor payouts, and reconciliation for SMBs and accounting firms. Directly comparable to Peloton Portal's AR/AP and Bill Pay by Card value proposition, particularly in the Canadian SMB market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/pelotontech
• YouTubeyoutube.com/@PelotonTechnologies
• Facebookfacebook.com/paywithpeloton
• LinkedInlinkedin.com/company/peloton-technologies
• Instagraminstagram.com/paywithpeloton
• Xx.com/PayWithPeloton

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds14 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peloton Technologies