Article

Conexus Venture Capital's CVC Fund No. 2 has invested $3 million in Cyder, a fintech startup enhancing loyalty programs for credit unions. The funding round was oversubscribed and included contributions from MaRS IAF, Graphite Ventures, and Sprout Fund.

Cyder aims to expand partnerships and scale its platform across Canada and the U.S. The investment aligns with Conexus's focus on credit unions, as both firms seek to improve member engagement and competitive standing against major banks.