Rick Owen, Co-founder and CEO of KIS Payments
VICTORIA – The acquisition of KIS Payments expands Peloton Technologies‘ client base and sales teams, allowing Peloton to rapidly scale delivery of their innovative service offerings.
The acquisition evolved from KIS’ involvement in Peloton’s partner program. As an independent sales organization (ISO), KIS was intrigued by the prospect of offering the full power of the Peloton solution to their clients. The success of the partnership opened the door for discussions of acquisition, creating opportunity for even faster growth.
KIS Payments was founded on Vancouver Island by Rick Owen, Michael Spetko and Jennifer Belik who all previously worked in the payment processing industry and recognized that Canadian business owners were being overcharged and under assisted in their merchant services. KIS’ goal was simply to eliminate the hassle in payment processing.
“We’ve spent a lot of time creating the most comprehensive solution for businesses and now it’s time to scale,” said Craig Attiwill, co-founder & CEO of Peloton Technologies. “It makes sense for us to grow through the acquisition of KIS Payments and I look forward to leading a new team as we begin servicing an even larger client base.”
Peloton’s innovative platform supports the widest range of payment needs for Small and Medium Enterprises (SMEs) in the market. Acquiring more ISOs like KIS will allow more merchants to benefit from the cost and time savings that Peloton customers realize today.
Business Examiner Staff
