Peloton Technologies, Driven Financial team up on small business financing

Peloton Technologies has partnered with Driven Financial to give Canadian small businesses preferred access to working capital financing alongside Peloton’s Bill Pay by Card tool. The move gives clients a shorter-term way to manage cash flow and a longer-term option for growth or unexpected costs.

Why it matters: - Canadian small businesses now have access to two financing tools through Peloton Technologies: short-term payment float and longer-term working capital. - The partnership is designed to help businesses manage cash flow, cover unexpected costs and keep money available for growth. - Driven Financial’s model rewards early repayment, which can reduce financing costs for businesses that pay down balances faster.

What happened: - Peloton Technologies and Driven Financial announced a partnership on Oct. 8, 2026. - The partnership gives Peloton’s small business clients preferred access to Driven’s working capital financing. - The offer is available now to Peloton’s small business clients across Canada. - Businesses can learn more or apply online.

The details: - Peloton’s Bill Pay by Card lets businesses pay suppliers and vendors with a credit card while extending cash float by up to 55 days. - Driven Financial provides longer-term funding for businesses that need more runway than a single payment cycle can offer. - Over the past two decades, Driven Financial has provided more than $1 billion in financing to more than 17,000 Canadian small and medium-sized businesses. - Driven operates as an alternative lender alongside Canada’s major financial institutions. - Driven’s financing uses transparent, disclosed rates and does not rely on fixed-cost repayment structures. - Peloton says the partnership fits its effort to reduce financial pressure on small business owners through payment innovation. - Craig Attiwill, founder and CEO of Peloton Technologies, said tariffs, inflation, fraud, cyber threats and rising costs have made it harder for Canadian small businesses to focus on growth. - Matthew Raposo, vice president of lending products at Driven Financial, said the company was built so borrowers can pay down financing faster and lower the cost.

Between the lines: - The partnership links a payments product and a lender, creating a more complete cash-management offering for small businesses. - Peloton appears to be positioning Bill Pay by Card as a short-term liquidity tool and Driven financing as a longer-term growth tool. - The arrangement also gives Driven a direct channel to Peloton’s small business customer base across Canada.

What’s next: - Peloton’s clients can begin using the partnership immediately. - The companies are directing businesses to apply online for more information and access. - The two firms may use the partnership to broaden adoption of their respective products among Canadian small businesses.

The bottom line: - Peloton Technologies and Driven Financial are bundling payments flexibility with working capital financing to give Canadian small businesses faster, more flexible access to cash.