Yendo, the creator of the first vehicle-secured credit card, has raised $165 million in new capital, including $150 million in debt financing led by i80 Group and $15 million in equity from strategic investors. The funds will support customer growth, introduce new products, and expand nationwide, enabling Yendo to extend credit to more Americans using their vehicles as collateral. This financing round occurs amidst tightened bank lending, highlighting Yendo’s innovative approach to providing underserved consumers access to affordable credit.

Fintech Company Yendo Raises $165 Million in New Capital to Fuel Growth