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Yendo raises USD 24 million in Series A funding
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Jun 20, 2023
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Jun 20, 2023

Yendo raises USD 24 million in Series A funding

Funding

  • Yendo, a company offering a vehicle-secured credit card for subprime consumers, raised USD 24 million in Series A funding led by FPV Ventures, with participation from Human Capital, Autotech Ventures, and Mark Cuban. The total funds raised by the company now stand at USD 92.5 million.

  • The company plans to use the funding for recruitment, expanding into new markets, improving its product suite, and adding new features and tools to help customers achieve their financial goals.

  • Formed in 2021, Yendo offers a vehicle-secured credit card that provides affordable credit to subprime consumers without access to mainstream financial products. The company reports to credit bureaus to help customers build credit and works with customers to create a plan to get back on track if they fall behind on payments to avoid car repossession.

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