Yendo

Yendo

Unlocking the equity trapped in your car in the form of a high limit credit card.

Founded 2021

Dallas, United States 55 employees Debt Financing Total: $257.50M Financial Services, Fintech +2

Yendo is a finance startup founded in 2021 in the United States, with a mission to provide equitable access to affordable credit, regardless of credit score. Their slogan, "A credit card fueled by your car, not your credit score," encapsulates their innovative approach. Leveraging ML/AI powered customer onboarding, Yendo has introduced the world’s first vehicle-secured credit card. Their product is positioned as a cost-effective alternative, being 95% cheaper than the non-bank financial products that Americans annually spend $45 billion on. The startup targets the segment of vehicle owners in the U.S. who collectively own $3 trillion worth of vehicles but are often denied credit by traditional lenders. By unlocking the untapped value in these vehicles, Yendo aims to address the credit needs of the millions who are currently underserved. Yendo received a $24.00M Series A investment on 20th February 2023. The investors participating in this round include AutoTech Ventures, Pelion Venture Partners, 1930 Capital, Human Capital, Uncommon Capital, FPV Ventures, and Aaron Frank. This substantial investment is a significant validation of Yendo's business model and its potential to disrupt the traditional lending market.

Funding Stage	Amount	Investors	Lead Investors	Date
Venture Round	$15.00M	-		16 May 2024
Debt Financing	$150.00M	1	i80 Group	16 May 2024
Series A	$24.00M	7	AutoTech Ventures, Pelion Venture Partners +5	20 Feb 2023
Debt Financing	$60.00M	-		26 Apr 2022
Seed Round	$8.50M	2	Human Capital, Leo Polovets	30 Sep 2021

Funding Stage

Amount

Investors

Lead Investors

Date

Venture Round

$15.00M

16 May 2024

Debt Financing

$150.00M

i80 Group

16 May 2024

Series A

$24.00M

AutoTech Ventures, Pelion Venture Partners +5

20 Feb 2023

Debt Financing

$60.00M

26 Apr 2022

Seed Round

$8.50M

Human Capital, Leo Polovets

30 Sep 2021

FAQ About Yendo

Unlocking the equity trapped in your car in the form of a high limit credit card.

Yendo was founded in 2021.

Yendo is headquartered in Dallas, United States.

Yendo operates in Financial Services, Fintech, Lending and Investments and Payments. Its work centres on credit card, vehicle-secured credit, ML/AI powered onboarding and alternative lending.

Yendo has approximately 55 employees.

Yendo has completed 5 funding rounds, raising a total of $257.50M. The latest funding stage is Debt Financing.

Top alternatives and competitors to Yendo include Koyo, VIVA Finance, Stashfin, Pesto, Plend | B Corp. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Yendo and Koyo are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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FAQ About Yendo