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Peloton

peloton-technologies.com

Stage

Unattributed VC | Alive

Total Raised

$4.11M

Last Raised

$4.11M | 2 yrs ago

About Peloton

Peloton provides a managed platform for payment solutions.

Headquarters Location

709 Yates St Suite 8424

Victoria, British Columbia, V8W 3S1,

Canada

800-723-8108

Peloton's Product Videos

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Peloton's Products & Differentiators

    Peloton Platform

    The Peloton Platform is a software engineering advancement in the payment space, providing clients with a frictionless banking and acquirer agnostic solution. Built for multi-channel collection and disbursement of payments, a defining feature of the platform is a set of generic interfaces designed to support the integration of multiple payment methods across many financial institutions.

Expert Collections containing Peloton

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Peloton is included in 3 Expert Collections, including Fintech.

F

Fintech

3,455 items

Excludes US-based companies

P

Payments

2,460 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

C

Canadian fintech

349 items

Latest Peloton News

These Are the Tech Companies Slashing Jobs in an Uncertain Economy

Dec 7, 2022

Vanguard’s Malloy Sees ‘Muni Renaissance’ Extending Into 2023 Citigroup’s Fraser Warns US Likely to Enter Recession Next Year UK Approves First Coal Mine in 30 Years, Weakening Climate Push Binance.US Cuts Fees as Crypto Exchanges Battle for Assets After FTX’s Implosion Mortgage-Qualifying Rate in Canada May Top 8% After Latest Central Bank Hike  These Are the Tech Companies Slashing Jobs in an Uncertain Economy California Pension Fund Relies on Muni Bond Sales for New Office UK Tells Lenders to Support Customers Struggling With Mortgages Crypto Broker Genesis Needs Weeks,  Not Days, to Find a Path for Lending Unit Apollo CEO Sees Opportunity in Liquidity Crunch: Goldman Update Biden to Require Fossil-Free Federal Buildings in Blow to Gas Peru’s Castillo Dissolves Congress Hours Before Impeachment Vote Apple to Begin Encrypting Cloud Backups in Data Security Revamp Pain Due for Managers Clinging to Tech, BofA’s Subramanian Says EU Targets Russia’s Drone Access, Banks in New Sanctions Package Musk Says Twitter Legal Executive Was ‘Exited’ From Company LatAm Dollar Bond Sales to Bounce From 14-Year Low, HSBC Says Coinbase CEO Sees Revenue Falling 50% or More on Crypto Rout Carvana Plunges as Apollo-Pimco Creditor Truce Creates Stock Doubts Biden to Require Fossil-Free Federal Buildings in Blow to Gas Oil heads for fourth day of losses on easing demand for fuel Pain Due for Managers Clinging to Tech, BofA’s Subramanian Says EU Targets Russia’s Drone Access, Banks in New Sanctions Package Oil Tanker Jam in Bosphorus Grows as Sanctions Snarl Insurance LME Draws Takeover Interest From Rivals After Nickel Crisis Europe Gas Prices Swing as Cold Weather Raises Demand Risks Ukraine Latest: EU Envoys Weigh Ninth Russia Sanctions Package Vanguard Quits Net-Zero Group, Marking Biggest Defection Yet Duke Energy Fixes Damage to North Carolina Substations Hit by Gunfire Vale Forsakes Volume for Value in Boost to Iron Ore’s Nascent Price Recovery Strikes in Russia Leave Ukraine’s Allies Uneasy at Putin’s Reply UN’s Hart Says COP27 Buoyed Renewable Energy Push: Summit Update Gold Hits Record in Pakistan as Economic Woes Spur Buying Frenzy German Regional Grid Uses Red Alert Asking to Save Power Europe’s Nitrogen Industry Faces New Threats After Reopening Mosaic curtails potash output at Saskatchewan mine on demand slump Bentley Orders Slump in China as Lockdowns Cost It Customers Bond Market Shows Fed Making ‘Serious Mistake,’ Cathie Wood Says Bank of Canada: Read the full statement on its interest rate hike TSX today: Index up slightly in late-morning trading Experts react to Bank of Canada hiking rates for seventh straight time Bank of Canada hikes key interest rate half a percentage point to 4.25% The Daily Chase: Bank of Canada decision day; Dollarama sales surge Bank of Canada look ahead: Economists expect seventh straight rate hike TSX recap: Index closes 1.25% lower amid losses in energy, technology Tech drives U.S. stock rout amid gloom from bank CEOs Consumer debt tops $2.36 trillion in third quarter, up 7.3% from last year Canada trade surplus widens on rising consumer goods exports The Daily Chase: Home prices sink in Toronto; Canadian consumer debt rises Yield curve inversion hits widest in Canada since early 1990s What is an 'inverted yield curve' and why does it matter? Stocks hit by U.S. Fed-hike jitters as U.S. yields surge TSX recap: Index closes 1.19% lower Profits in 15 sectors, including oil and gas, driving bulk of inflation: Report Powell's dovish hope for soft landing is not realistic: Larry Berman Will groceries be cheaper in 2023? Here's what a report found The Daily Chase: Oil prices gain ground; grocery relief unlikely in 2023 A Standoff Is Coming in Summer 2023 — and It’s Over the National Debt Biden to Require Fossil-Free Federal Buildings in Blow to Gas Peru’s Castillo Dissolves Congress Hours Before Impeachment Vote BlackRock Subpoenaed by Texas Senate for ESG-Related Documents EU Targets Russia’s Drone Access, Banks in New Sanctions Package Trump Is a 'Real Liability' for Republican Candidates, GOP Senate Whip Says Ukraine Latest: EU Envoys Weigh Ninth Russia Sanctions Package The Developing World Is Facing a $2.5 Trillion Debt Shock Poland Is Ready Move ‘Quickly’ on EU Demands If Brussels Reassures Schumer Flexes Democrats’ New Subpoena Power in Warning to CEOs Lula’s $28 Billion Spending Plan Leaves Investors Worried About Fiscal Credibility Denver Opens Emergency Shelter After Migrants Arrive Overnight Mexico’s President Sends New Bill to Congress to Overhaul Election Regulator Mexico’s AMLO to Host Biden, Trudeau for Summit in January McConnell Balks as Democrats Eye Defense Bill for Energy-Permitting Plan Sunak Vows Action to Deal With ‘Unreasonable’ UK Strike Leaders Northern Ireland Still in Limbo as Bid to Form Government Fails Sunak Says He’s Shocked by PPE Contract Allegations Against Michelle Mone US Set to Remove Hurdles to Sale of F-16 Fighter Jets to Turkey These Are the Tech Companies Slashing Jobs in an Uncertain Economy Crypto Broker Genesis Needs Weeks,  Not Days, to Find a Path for Lending Unit Apollo CEO Sees Opportunity in Liquidity Crunch: Goldman Update Apple to Begin Encrypting Cloud Backups in Data Security Revamp Pain Due for Managers Clinging to Tech, BofA’s Subramanian Says Musk Says Twitter Legal Executive Was ‘Exited’ From Company Coinbase CEO Sees Revenue Falling 50% or More on Crypto Rout Meta’s VR Headsets Return to German Shelves After Probe Resolved Musk Slams San Francisco Mayor for Probe of Bedrooms at Twitter Dish Is Offering $25-a-Month Mobile Service for the Rest of Your Life  Galaxy Digital Gets Celsius Assets at 60% Discount After Crypto Lender’s Bankruptcy  Amazon Buyers Beware: Scammers Are Targeting the Best-Seller Badge Amazon Sued by District of Columbia for ‘Stealing’ Delivery Driver Tips Shopify stock seen carrying weight of Canada curse into 2023 SushiSwap’s Token Slumps as DeFi Exchange Faces Cash Crunch NFT Sales Drop to 16-Month Low in FTX Collapse Aftermath Derek Jeter’s Trading-Card Business Raises Funds for Expansion Plaid Cuts 260 Staffers as Fintech Customers See Slower Growth Harvard Fencing Coach Demanded $7.5 Million for Admissions Help, Witness Says The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. Hedge Fund Sues Grayscale for Details on Battered Bitcoin Trust Build-Your-Own-Index Boom Could Hit $825 Billion in Four Years SPACs Collapse as $11 Billion of Deals Are Called Off Within an Hour Bitcoin’s Bearish Futures Are Signaling a Slowdown into 2023 One Massive Trade Likely Fueled $1.5 Billion Flood Into Bond ETF Traders Start Taking Notice as China ETF Rebound Gets Extreme Investors Pull $8 Billion From Major Stock ETFs JPMorgan Joins HSBC as Vault Custodian for Top Gold ETF Crypto Investment-Product Assets Sink to Two-Year Low  Amid FTX Collapse Wall Street Analysts Haven’t Been This Bullish on Tesla Since 2015 Man Behind Anti-ARK ETF Is Losing Fund in Break From New Firm Cloud-Software Stocks Salesforce, Snowflake Weighed Down by Slower Growth Record $3 Billion Exodus Hits Credit ETF in Abrupt Risk Reversal Hedge Fund Strategy That Lured $1 Billion This Year Comes to Europe Stocks Comeback Boosts Australian ETF Market to Near Record Size Risk Appetite Is Surging Again in Markets Seduced by Fed Hope Bitwise Files for Bitcoin Futures ETF Despite Crypto ‘Dark Days’ Crypto Crisis Shrinks ETF Assets in Market That Embraced Them London’s Stock Market Edges Back Above Paris After Pound Surge Women making small gains, but still troublingly under-represented in the C-suite Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO Dominic Barton on Canada-China relations, future at Rio Tinto 'We’re serving Canadians better' following the pandemic: McKesson Canada CEO Rebecca McKillican World's richest family loses US$11.4B in Walmart rout 'Fine balance': Rania Llewellyn on fitting her long-term inclusion goals into Laurentian's revamp First female bank CEO in Canada leads with younger self in mind ​Company holiday parties are making a comeback, but many employers have a plan B Elon Musk and Jeff Bezos now worth almost half a trillion dollars Jane Fraser has a plan to remake Citigroup while tormenting rivals ‘Forever changed’: CEOs are dooming business travel — maybe for good National Bank names Laurent Ferreira CEO, succeeding Vachon The remote-work czar is the new shortcut to the C-Suite Olympics boss aims to put 'most-followed' Tokyo games on track Wellness resorts eye long COVID treatments as new moneymaker Ghosn accomplice says he 'deeply regrets' helping him escape Gates divorce speeds divergence of separate investing goals Buffett exits as Gates Foundation trustee, sidestepping rift Gates’s divorce casts harsh glare on US$170 billion money manager Lindsey Rupp, Bloomberg News (Bloomberg) -- Layoffs are accelerating across technology companies. The tech industry is slashing jobs at a pace nearing the early days of the Covid-19 pandemic. In November, the sector announced 52,771 cuts, for a total of 80,978 this year, according to Challenger, Gray & Christmas Inc., a consulting firm that tallies job cuts announced or confirmed by companies across telecom, electronics, hardware manufacturing and software development. It’s the highest monthly total  for the industry since the firm started keeping data in 2000. After a bumpy start to the pandemic in 2020, tech firms benefited from a boom in e-commerce spending and remote work boomed, triggering a hiring spree. Now, things look different. In recent earnings reports, Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Microsoft Corp. and others missed estimates, sending shares plunging. Others are reckoning with volatile cryptocurrency markets or a sudden slump in demand that requires drastic cost cutting. There’s a Job-Market Riddle at the Heart of the Next Recession Here’s a running list of who’s cutting jobs and pulling back on hiring. Amazon The e-commerce titan plans to cut about 10,000 jobs. The layoffs will likely target Amazon’s devices group, responsible for the Echo smart speakers and Alexa digital assistant, as well as the retail divisions and human resources, Bloomberg News reported. In November, Amazon halted “new incremental” hiring across its corporate workforce. Apple The iPhone maker has paused hiring for many jobs outside of research and development, an escalation of its plan to reduce budgets heading into next year, according to people with knowledge of the matter. The break generally doesn’t apply to teams working on future devices and long-term initiatives, but it affects some corporate functions and standard hardware and software engineering roles. Adobe Adobe Inc. has eliminated about 100 jobs, concentrated in sales. The company shifted some employees to other roles internally. Chime The digital-banking startup Chime Financial Inc. is cutting 12% of its staff, or 160 people. A spokesperson said the company remains well-capitalized and the move will position it for “sustained success.” Cisco Cisco Systems is beginning a restructuring plan that will affect about 5% of employees. The company says it will incur pretax charges of about $600 million for severance, termination and other costs. The employees will be given a chance to move to other jobs within the company, Chief Financial Officer Scott Herren said in an interview. “This is not about reducing our workforce — in fact we’ll have roughly the same number of employees at the end of this fiscal year as we had when we started,” Herren said. Cisco had more than 83,000 employees as of July 30. Coinbase Coinbase Global Inc. is eliminating 60 positions as the cryptocurrency market slumps. The crypto exchange announced in June it would lay off 18% of its workforce, or roughly 1,200 employees. Dapper Labs Dapper Labs Inc. founder and Chief Executive Officer Roham Gharegozlou said in a letter to employees that the company had laid off 22% of its staff. He cited macroeconomic conditions and operational challenges stemming from the company’s rapid growth. Dapper Labs created the NBA Top Shot marketplace for nonfungible tokens, a digital asset class that has seen a steep drop in demand since the crypto market downturn. Digital Currency Group Cryptocurrency conglomerate Digital Currency Group embarked on a restructuring last month that saw about 10 employees exit the company. As part of the shake-up, Mark Murphy was promoted to president from chief operating officer. DoorDash DoorDash Inc. is cutting about 1,250 jobs, acknowledging that its rapid expansion during the pandemic has led to mounting losses. The cuts will affect about 6% of the company’s workforce, a mix of US and non-US based staff, according to reporting by Bloomberg. “While our business continues to grow fast, given how quickly we hired, our operating expenses — if left unabated — would continue to outgrow our revenue,” Chief Executive Officer Tony Xu wrote in a letter to staff. Galaxy Digital Galaxy Digital Holdings Ltd., the crypto financial services firm founded by billionaire Michael Novogratz, is considering eliminating as much as 20% of its workforce. The plan may still be changed and the final number could be in a range of 15% to 20%, according to people familiar with the matter. Galaxy’s shares have plummeted more than 80% this year, part of a rout for cryptocurrencies. HP HP Inc. will cut as many as 6,000 jobs over the next three years as declining demand for personal computers cuts into profits. In addition to reducing its workforce by about 10%, the company will reduce its real estate footprint. Intel Intel Corp. is cutting jobs and slowing spending on new plants in an effort to save $3 billion next year, the chipmaker said. The hope is to save as much as $10 billion by 2025, a plan that went over well with investors, who sent the shares up more than 10% on Oct. 28. Bloomberg News reported earlier that the headcount reduction could number in the thousands. Kraken The crypto exchange Kraken is laying off 30% of its workforce as the fallout from this year’s digit-asset market meltdown worsens. The cuts account for about 1,100 people. Lyft Lyft Inc.’s cost-saving efforts include divesting its vehicle service business. It’s eliminating 13% of staff, or about 683 people. The company had already said it would freeze hiring in the US until at least next year. It’s now facing even stiffer headwinds. “We are not immune to the realities of inflation and a slowing economy,” co-founders John Zimmer and Logan Green said in a memo. “We need 2023 to be a period where we can better execute without having to change plans in response to external events — and the tough reality is that today’s actions set us up to do that.” Meta The Facebook parent is cutting 11,000 jobs, the first major round of layoffs in the social-media company’s history. Meta’s stock has plunged this year, and the company is trying to pare costs following several quarters of disappointing earnings and a slide in revenue. The reductions equal about 13% of the workforce, and Meta will extend its hiring freeze through the first quarter. “I want to take accountability for these decisions and for how we got here,” CEO Mark Zuckerberg said in the statement. “I know this is tough for everyone, and I’m especially sorry to those impacted.” Opendoor Opendoor Technologies Inc. said that it’s laying off about 550 employees — roughly 18% of its headcount. The company, which practices a data-driven spin on home-flipping called iBuying, is coping with slowing housing demand because of higher mortgage rates. Peloton Peloton Interactive Inc. laid off 500 employees globally, or about 12% of the workforce, in October. It was the fourth time this year the company has cut staff. Along with other expense reduction measures, Peloton said the move will help it reach the break-even point on cash flow by the end of fiscal 2023. “I know many of you will feel angry, frustrated and emotionally drained by today’s news, but please know this is a necessary step if we are going to save Peloton, and we are,” CEO Barry McCarthy said in an October memo. “Our goal is to control our own destiny and assure the future viability of the business.” Plaid Plaid Inc. cut 260 staffers to reduce costs. The fintech company will provide 16 weeks of severance and accelerate equity grants for some employees, CEO Zach Perret said in a memo to staffers. Qualcomm Qualcomm Inc. said that it’s frozen hiring in response to a faster-than-feared decline in demand for phones, which use its chips. It now expects smartphone shipments to decline in the double-digit percent range this year, worse than the outlook it gave earlier. Salesforce Salesforce Inc. is focusing on margins as demand for its software products slow. The company has cut hundreds of workers from sales teams as it looks to improve profitability. Since 2017, Salesforce had almost tripled its workforce. Seagate Seagate Technology Holdings Plc, the biggest maker of computer hard drives, said that it’s paring about 3,000 jobs. Computer suppliers, including Seagate and Intel, have been hard hit by a slowdown in hardware spending. Customers are sitting on a pile of extra inventory, hurting orders and weighing on Seagate’s financial performance, CEO Dave Mosley said. That necessitated cuts. “We have taken quick and decisive actions to respond to current market conditions and enhance long-term profitability,” he said. Stripe Payments company Stripe Inc., one of the world’s most valuable startups, is cutting more than 1,000 jobs. The 14% staff reduction will return its headcount to almost 7,000 — its total in February. Co-founders Patrick and John Collison told staff that they need to trim expenses more broadly as they prepare for “leaner times.” Twitter The upheaval at Twitter has more to do with its recent buyout — and the accompanying debt — than economic concerns. But the company has suffered some of the deepest cuts of its peers right now. Elon Musk, who bought Twitter for $44 billion, eliminated about 3,700 jobs by email. Musk also reversed the company’s work-from-anywhere policy, asking remaining employees to report to offices. “Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day,” Musk tweeted on Nov. 4. Upstart Upstart Holdings Inc., an online lending platform, said in a regulatory filing it cut 140 hourly employees “given the challenging economy and reduction in the volume of loans on our platform.” ©2022 Bloomberg L.P.

Peloton Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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Peloton Rank

Peloton Frequently Asked Questions (FAQ)

  • Where is Peloton's headquarters?

    Peloton's headquarters is located at 709 Yates St, Victoria.

  • What is Peloton's latest funding round?

    Peloton's latest funding round is Unattributed VC.

  • How much did Peloton raise?

    Peloton raised a total of $4.11M.

  • Who are the investors of Peloton?

    Investors of Peloton include BDC Capital.

  • Who are Peloton's competitors?

    Competitors of Peloton include Block and 4 more.

  • What products does Peloton offer?

    Peloton's products include Peloton Platform and 1 more.

  • Who are Peloton's customers?

    Customers of Peloton include KIS Payments.

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Trustly Group

Trustly is an online payments services provider. Trustly's scalable PSP technology platform can integrate any payment method and currently offers instant pay-ins and pay-outs, based on online banking epayments. The platform's real-time processing, bookkeeping and account reconciliation functionalities mean that payments can be made quickly, conveniently and safely - a key requirement for merchants, consumers and banks.

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Stripe

Stripe is a financial technology company that builds economic infrastructure for the internet. The company offers an online-based, payment processing platform that gives online merchants the ability to securely accept credit card payments through the use of custom-built forms. Stripe's software and APIs allow user's to accept payments, send payouts and manage businesses online. The company serves clients globally with a use case for SaaS, platforms, marketplaces, eCommerce, creater economy, crypto and embedded finance. It was founded in 2010 and is based in San Francisco, California.Per media sources, Stripe did nearly $12B in gross revenue and $2.5B in net revenue in 2021. It is reported to be generating hundreds of millions in EBITDA.

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Bolt

Bolt is a payments platform that offers online checkout technology to retailers. It develops a checkout experience platform to boost the e-commerce business. The company was founded in 2014 and is based in San Francisco, California.

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Rapyd

Rapyd builds technology that removes the back-end complexities of cross-border commerce while providing local payments expertise. Global e-commerce companies, technology firms, marketplaces, and financial institutions use its fintech-as-a-service platforms—Collect, Disburse, Wallet, and Issuing—to embed localized fintech and payments capabilities into their applications in a simple way.

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