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Piston raises $15M Series A led by FPV Ventures to scale cardless payments for commercial fleets and gas stations.
PRIVATESep 10, 2026•about 3 hours ago
Amount Raised
$15 Million
Round Type
Series A
CupertinoSoftware
Investors
Pear VcSpark CapitalFpv Ventures
Description
Piston, a cardless payments platform connecting commercial fleets and gas stations, announced a $15 million Series A funding round led by FPV Ventures, with participation from existing investors Spark Capital and Pear VC. The round follows a year of exceptional growth, with payment volume increasing 8x year-over-year, merchant network expanding 40x, and customer retention at 98%. Piston is now deployed at over 2,000 stations across 48 states with point-of-sale integrations covering more than 95% of U.S. merchant fuel sites
Company Information
Company
Piston
Location
Cupertino, California, United States
About
Piston is a cardless payments platform that connects commercial fleets with gas stations, founded by former fleet owners Vikram Sekhon and Shivam Shah. The company has created a secure payment system that eliminates card fraud and retail price markups. Piston aims to transform the fuel payment landscape by offering real-time insights and savings for both fleets and gas stations. Currently, Piston is serving over 120 fleets and 800 gas stations while processing more than $20 million in annualized transaction volume.
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CupertinoSoftware