Yonder, a UK-based credit card company, raised GBP 62.5 million (~USD 77.4 million) in a Series A funding round consisting of GBP 12.5 million  (~USD 15.5 million) in equity and GBP 50 million (~USD 61.9 million) in debt. The funding round was co-led by Northzone and RTP Global, with participation from angel investors. The company also plans to extend this round to its early stage members through a private crowdfund this month.

The funds were raised at a post-money valuation of over GBP 70 million  (~USD 86.7 million), with its total funding now stands at GBP 88.4 million (~USD 109.5 million). 

The company intends to use the fresh funds to launch its services in additional cities across the UK, double its team size to 35, and expand its credit rewards program to include new segments such as sports, fitness, and theater.

Founded in 2020, Yonder uses open banking technology to analyze customer spending habits to offer credit cards to young professionals that do not have a credit history. The company also offers personalized advice and guidance on how to use credit wisely. It also markets itself as a lifestyle platform, offering high rewards for spending through the card.