Yendo, a fintech company focused on delivering responsible credit solutions to everyday consumers, has secured a $200 million funding commitment from i80 Group. The capital will support up to $200 million in new credit card originations, allowing the company to expand its customer base and scale its asset-backed credit products nationwide.
The new warehouse facility follows Yendo’s recent $50 million Series B and represents a significant step in the company’s growth strategy. With this commitment, Yendo plans to accelerate expansion of its full suite of credit card offerings, including its flagship vehicle-secured credit card, which allows customers to leverage their existing assets to access more affordable credit.
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At the core of Yendo’s model is its proprietary, patent-pending AI infrastructure. While more than $70 billion in asset-backed consumer loans are originated annually, much of the industry still relies on manual processes and legacy systems to secure collateral and underwrite borrowers. Yendo’s technology automates the verification, evaluation, and securing of assets — from vehicles to homes — in minutes rather than weeks. By digitizing and streamlining the process, the company significantly reduces operational costs and improves capital efficiency.
The result is a credit product designed to offer stronger consumer value. By adding their vehicle as collateral, customers are able to unlock substantially higher credit limits — on average eight times greater than traditional unsecured cards available to the same demographic. At the same time, Yendo offers prime-like rates and enhanced rewards, positioning its product as an alternative to high-interest options that have historically dominated this segment of the market.
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Jordan Miller, Co-founder and CEO of Yendo, said the company’s mission is rooted in correcting inefficiencies in how asset-backed consumer loans are priced and delivered. He noted that many borrowers are offered terms that fail to reflect their true risk profile, despite the presence of collateral. According to Miller, the new funding enables Yendo to scale responsibly while expanding access to transparent, affordable credit products designed to improve long-term financial health.
The commitment from i80 Group comes at a time when private credit markets have experienced a notable pullback. Over the past 12 months, only 176 private credit vehicles have closed, marking the lowest level in at least five years. Against this backdrop, the partnership signals strong institutional confidence in Yendo’s underwriting discipline, asset-backed structure, and AI-driven risk model.
Peter Frank, Managing Director at i80 Group, emphasized that Yendo has demonstrated both credit rigor and a deep understanding of an underserved consumer segment. He described the company’s asset-backed approach as providing meaningful security while expanding affordable access to credit for qualified borrowers.
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Yendo’s growth metrics underscore that demand. The company has reported double-digit increases in revenue and originations, serving customers across 45 states. To date, it estimates that its model has saved consumers more than $150 million in interest and fees compared to alternative lending options.
As lenders navigate tighter capital conditions and rising scrutiny around consumer affordability, Yendo’s combination of AI-powered underwriting and secured credit innovation positions it at the intersection of fintech efficiency and responsible lending. With $200 million in additional capacity, the company is poised to deepen its footprint in a segment that continues to seek smarter, more equitable access to credit.
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