Cyder Inc.
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Cyder Inc. - overview
Established
2022
Location
Toronto, ON, Canada
Primary Industry
Software
About
Established in 2022 and based in Ontario, Canada, Cyder Inc. operates as a financial technology company that provides tailored loyalty platform for credit unions. In October 2024, Cyder Inc. raised CAD 1.
5 million in pre-seed funding led by investors MaRS Investment Accelerator Fund, Desjardins Capital, and Aperture. The firm, as of December 2024, is led by its co-founders, Sukhman Dulay (CEO) and Will Christodoulou (CTO). Cyder focuses on developing customized loyalty programs and browser extensions primarily for financial institutions. Their core offerings include the Cyder Rewards program, which incentivizes users through rewards for everyday banking activities and engagement with partner brands.
Additionally, the Cyder Browser Extension enhances user experience by allowing customers to share data voluntarily in exchange for rewards, all while ensuring their privacy is protected. The company aims to solve key challenges in customer loyalty and data sourcing, particularly in the financial sector, by providing real-time insights derived from ethically sourced data. The company plans to utilize the October 2024 funding to accelerates its service features and offerings.
Current Investors
Desjardins Capital, MaRS Investment Accelerator Fund, Aperture
Primary Industry
Software
Sub Industries
e-Financial, Customer Relationship Management, Analytics & Performance Software, Accounting/Finance Software
Website
www.getcyder.com
Verticals
FinTech
Company Stage
Early Stage
Total Amount Raised
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