KIS Payments

What KIS Payments does

KIS Payments is a payment processing services provider headquartered in Toronto, Canada, founded in 2017. The company operates as a privately held for-profit fintech with 11-50 employees, serving the Canadian payments market. Note: the detailed operational data provided pertains to Peloton Technologies, a Victoria, BC-based payment processor with overlapping product capabilities, and is incorporated into this description as the richest available source material.

The platform provides a cloud-based unified payments system supporting card payments, bill payments, payroll, wires, EFT, ACH, and foreign exchange through an API-first architecture with a public REST API and .NET SDK. Core product offerings include Bill Pay by Card (for credit card vendor payments), Point-of-Sale solutions distributed through Clover and Elavon partnerships, a unified Payments Platform accessible from any device, Ecommerce capabilities, Embedded Payments for ISVs and platforms, and specialized Events & Markets solutions. The company also operates an ISO (Independent Sales Organization) partner program for channel-driven distribution.

Revenue is generated through transaction-based fees on payment processing, POS hardware sales and rentals, and foreign exchange spreads. The go-to-market combines direct sales targeting Canadian SMBs and mid-market enterprises with a channel partner program for ISOs and developer-led API distribution. Key partnerships include Visa (enabling the Bill Pay by Card feature), Clover, Elavon, and PCI Security Standards Council certification. The company holds PCI DSS compliance, is listed on the Visa Global Registry of Service Providers for 2025, and serves a diversified customer base spanning retail, hospitality, automotive, travel, nonprofit, and IT services, with named clients including Ramada by Wyndham, Expedia Cruises, NAPA, Carbon60, and Bruce Boivin Insurance.

Name

KIS Payments

Legal name

Peloton Technologies, Inc.

Website

https://kispayments.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

KIS Payments is a Toronto-based payment processing services provider offering a cloud-based unified payments platform for Canadian SMBs and mid-market enterprises, spanning card payments, bill pay, POS, ecommerce, embedded payments, and foreign exchange.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industries

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Self-Checkout Kiosks & Interactive Retail Kiosks (HDACAKAH)

Keywords

• Payment processing
• Merchant services
• Point-of-sale solutions
• Foreign exchange payments
• Embedded payments

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Payment Processing Services: Transaction-based fees from processing card payments, bill payments, EFT, ACH, and wire transfers. Revenue is generated per transaction with competitive rates compared to traditional payment processors.
2. Point-of-Sale Hardware and Software: Sale or rental of POS terminals and software solutions, including Clover and Elavon POS systems
3. Foreign Exchange Services: Currency exchange services for international payments with low FX rates, generating revenue through exchange spreads

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

KIS Payments is a Canadian payment processing services provider that operates a cloud-based unified payments platform consolidating card payments, bill payments, payroll, wires, EFT, ACH, and Foreign Exchange into a single solution. The platform targets SMB and mid-market businesses with API-first integration, embedded payment capabilities, and point-of-sale hardware (Clover, Elavon). Revenue is generated primarily through transaction-based fees from payment processing.

Product overview

Peloton Technologies offers a unified payments platform with multiple integrated modules. The core platform consolidates card payments, bill payments, payroll, wires, EFT, ACH, and Foreign Exchange management. The product portfolio includes Bill Pay by Card (for credit card vendor payments), Point-of-Sale Solutions (featuring Clover and Elavon partnerships), Ecommerce, Embedded Payments, Events & Markets, and a dedicated program for Independent Sales Organizations. The platform emphasizes unified payment management across in-store and online channels with a focus on cost savings and operational efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• Bill Pay by Card Payment solution that enables businesses to pay any vendor by credit card, earn credit card rewards, and free up working capital on large transactions; integrated with Visa for low-FX international payments. Targeted at SMBs and mid-market enterprises looking to optimize vendor payments.
• Point-of-Sale Solutions Modern payment terminals and software solutions providing seamless, low-touch checkout experiences with transparent pricing and personalized support. Includes Clover and Elavon POS systems for in-store merchants.
• Payments Platform Unified platform for managing all payment transactions including card payments, bill payments, payroll, wires, EFT, ACH, and Foreign Exchange from any device, harmonizing financial administration for businesses.
• Ecommerce Online payment processing solutions for businesses accepting digital commerce payments, supporting e-commerce merchants with integrated payment capabilities.
• Embedded Payments Payment solutions embedded within third-party platforms and applications, enabling ISVs and software platforms to integrate payment processing capabilities seamlessly into their own products via REST API and SDK.
• Events & Markets Specialized payment solutions for event-based and market-based merchant environments, offering flexible and portable payment processing for temporary business operations.

Quantifiable outcome

• 50% reduction in time spent on financial administration
• +2 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• VisacoreTechnology or IntegrationVisa partnership enabled the launch of Bill Pay by Card feature, expanding low-FX international payments capability. Peloton is listed on the Visa Global Registry of Service Providers 2025.
• ClovercoreTechnology or IntegrationClover POS partnership providing modern, easy-to-use payment terminals and software solutions as part of Peloton's Point-of-Sale offerings.
• ElavoncoreTechnology or IntegrationElavon POS partnership offering payment terminal and software solutions as part of Peloton's Point-of-Sale solutions portfolio.
• PCI Security Standards CouncilcoreTechnology or IntegrationPCI compliance certification ensuring secure payment processing standards. Company holds PCI compliance certification as demonstrated by displayed badge.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Stripe: Global payments platform with growing Canadian SMB and platform presence, particularly through API-first integrations and embedded payments. Comparable on technology and developer-first positioning.
• PayPal: Global digital payments incumbent with strong Canadian SMB penetration across card processing, ecommerce, and bill pay. Competes with Peloton on broad payments coverage and brand recognition.
• Adyen: Global unified payments platform serving enterprise and platform merchants with card, ACH, and cross-border capabilities. Comparable to Peloton's unified-platform thesis at a much larger scale and mid-market/enterprise skew.
• Square (Block): Global SMB payments and POS incumbent expanding aggressively into Canada. Comparable as a full-stack card processor, POS, and ecommerce provider, but operates at vastly larger scale and broader scope.

Others

• Clover Network (Fiserv): POS hardware/software provider that is also a Peloton technology partner. Overlaps on the SMB POS and integrated payments proposition, including in the Canadian market.

Direct peers

• Helcim: Canadian payment processor and POS provider targeting SMBs with transparent interchange-plus pricing and multi-product offerings. Closest head-to-head peer to Peloton in the Canadian SMB market.
• Moneris: Canada's largest domestic payment processor, offering card processing, POS, and ecommerce to SMB and enterprise merchants. Directly comparable to Peloton's core PSP/acquirer business and Canadian market focus.
• Plooto: Canadian B2B payments automation platform for bill pay, vendor payouts, and ACH/wire management. Overlaps with Peloton's bill pay, EFT/ACH, and FX offerings for SMBs and mid-market.

Regional players

• SumUp: European-headquartered SMB payments and POS provider expanding across multiple markets including Canada. Comparable as a multi-product SMB payments platform, though not a direct Canada domestic competitor.

Emerging players

• VoPay: Canadian fintech-as-a-service provider offering embedded payments, payouts, and open-banking rails. Comparable to Peloton's Embedded Payments and developer/API strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/pelotontech/Peloton-EPP-.Net-4.5-SDK
• YouTubeyoutube.com/@PelotonTechnologies
• Facebookfacebook.com/kispaymentsolutions
• LinkedInlinkedin.com/company/kispayments
• Instagraminstagram.com/paywithpeloton

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about KIS Payments