Experience

Cyder raises C$3 million in seed financing to grow loyalty platform

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Overview

Client

Cyder

On January 27, 2026, Cyder, a Toronto-based financial technology company focused on modernizing loyalty programs for credit unions, announced an oversubscribed C$3 million seed financing round led by Conexus Venture Capital, and included MaRS IAF, Graphite Ventures, and Sprout Fund.

The financing will enable Cyder to expand its marketplace partnerships, accelerate the onboarding of additional credit unions, and continue scaling its loyalty platform across Canada and the United States.

Fasken advised Cyder with a team led by Will Shaw and included Satnam Singh Dosanjh, Nicky Young, Anthony Foreshew (Articling Student) and Alara Once (Articling Student). 

Jurisdiction

  • Ontario

Team

  • Will Shaw, Partner | National Co-Leader, Emerging Technology & Venture Capital, Toronto, ON, +1 416 865 4554, [email protected]
  • Satnam Singh Dosanjh, Associate | Emerging Technology & Venture Capital, Toronto, ON, +1 416 865 5120, [email protected]
  • Nicola Young, Associate | Mergers & Acquisitions, Toronto, ON, +1 416 865 5464, [email protected]
  • Anthony Foreshew, Articling Student, Toronto, ON, +1 416 865 4464, [email protected]
  • Alara Once, Articling Student, Toronto, ON, +1 416 865 4520, [email protected]
Will Shaw Toronto Lawyer Will Shaw Partner | National Co-Leader, Emerging Technology & Venture Capital Toronto, ON +1 416 865 4554
Satnam Singh Dosanjh Toronto Lawyer Satnam Singh Dosanjh Associate | Emerging Technology & Venture Capital Toronto, ON +1 416 865 5120
Nicola (Nicky) Young Toronto Student Nicola Young Associate | Mergers & Acquisitions Toronto, ON +1 416 865 5464
Anthony Foreshew Toronto Law Student Anthony Foreshew Articling Student Toronto, ON +1 416 865 4464
Alara Once Toronto Law Student Alara Once Articling Student Toronto, ON +1 416 865 4520