Welcome to this week’s Midweek Memo. In this issue, read about Peloton Technologies’ recent raise, the health and vibrancy of our region’s economy, a new climate CEO at the University of Victoria, and a high-tech breast ultrasound machine in the capital.

Now, onto today’s briefing. It’s 699 words, a three-minute read.

$2 million for Peloton Technology’s payment platform

Last week, Peloton announced the close of its latest $2 million seed round. No, not the Peloton that inspired a pandemic-induced home cycling craze before stalling when we all returned to our normal fitness routines. This company is closer to home.

Victoria’s Peloton Technologies has vowed to change the Canadian payments industry for the better by simplifying the challenging workflows faced by small- and medium-sized businesses. Peloton serves independent sales organizations, merchants, and C-suite executives with a comprehensive payments platform intended to bring everything businesses need into one place.

"We're thrilled with the response from the private investor community,” said John MacKinlay, executive chair of the board at Peloton Technologies. “We have a world-class group of investors with deep background in payments, banking, risk management, compliance, accounting, IT architecture, and securities law. This capital is instrumental to our acquisition strategy and a catalyst to our organic growth initiatives.”

Those interested in the company should stay tuned — according to MacKinlay, the funding is a precursor to a larger capital raise planned for the first half of 2024.

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Meet an Exceptional Founder: Rebecca Kirstein Resch

Ink LLP (law firm for high-growth companies) wants to introduce you to an exceptional founder:

👋 Who: Rebecca Kirstein Resch

👀 Why: Inqli is accelerating employee and enterprise growth with AI-powered social knowledge-sharing tools.

🎉 Latest announcement: Jean-Claude Monney (formerly with Microsoft) has joined Inqli's advisory board!

📰 More Victoria innovation news

⚖️ Neighbours: In this Chamber Chat, Greater Victoria Chamber of Commerce CEO Bruce Williams sat down with Paige Shoenfeld — senior vice president of consumer insights at Leger — and Jonathan Dyck, director at the Victoria Foundation. The group discussed the Vital Signs Report, which measures the health and strength of the region.

🌎 Feels like summer: The University of Victoria announced a new CEO for its Pacific Climate Impacts Consortium: Xuebin Zhang. Zhang brings 25 years of experience as a research scientist with Environment and Climate Change Canada.

⚕️Simply the breast: West Coast Medical Imaging in Victoria shared a new addition to their team — one of B.C.’s first automated breast-imaging ultrasound machines. Since introducing the machine in August, the clinic has already diagnosed three to four cases of cancer that otherwise may have been missed.

🕴️ Tech jobs of the week

Find your next career:

• Corporate Controller - Hospitality at Westin Bear Mountain Resort & Spa

• Senior Hardware Technical Architect at Green Edge Computing

• Senior Technical Analyst at BC Public Service

Hiring in Victoria? Reply to this email and let us know!

📅 Upcoming events

⭐ Nov 30 | Victoria Tech Morning Coffee, presented by VicTJ, Ink LLP and Metrics:

You’re invited to join Ink LLP, Metrics, and Victoria Tech Journal at Fort Tectoria to connect with the Victoria tech community in an informal atmosphere. ​Check out the space, discover a new career, find your next co-founder, or learn something new — you can do it all at our upcoming coffee meetup.

Dec 11 | iWIST Holiday Party and Annual General Meeting:

Save the date with some of the most spirited and festive women in science and technology. Toast to the communities' accomplishments over the past year and provide input on official iWIST business.

Have an upcoming event? Reply to let us know.

🙋 I need a…

We at Victoria Tech Journal know you, our community, pretty well. Are you searching for someone in your field to have coffee with, a hiring hookup, a lead on local investors, or a suggestion for a great Victoria tech tool? Whatever you’re hunting for, let us know. We’ll post it in this section and make it happen.

Email your requests to [email protected].