Fintech startup, Yendo, leverages proprietary AI to power new age credit cards, offering consumers 8x higher limits and historically low rates

Yendo, a fintech company serving main street consumers, today announced a $200 million funding commitment from i80 Group. The new capital will supply up to $200 million in new credit card originations, enabling Yendo to continue to scale its customer base and bring responsible credit products to consumers across the country.

The commitment follows Yendo’s $50 million Series B and will be used to accelerate the growth of the company’s full line of credit card products, including its flagship vehicle-secured credit card.

Fueling Yendo’s expansion is its proprietary and patent-pending AI infrastructure. While traditional lenders originate over $70 billion in asset-backed consumer loans annually, most of them rely on manual operations and outdated technology to originate secured credit products. Yendo’s proprietary infrastructure autonomously verifies, evaluates, and secures consumers’ assets, ranging from vehicles to homes, in minutes and powers higher credit limits and lower rates.

Its AI is capable of affecting security interests in these assets for pennies on the dollar compared to legacy lenders. Processes that historically took weeks are now completed in minutes, cutting massive costs out of the loan origination process. This efficiency allows Yendo to pass significant savings directly to the consumer while maintaining robust security and verification standards. Yendo’s flagship offering allows customers to add their vehicle as security. By doing so, customers unlock significantly better terms than the market offers, including:

• Higher Spending Power: Customers achieve average credit limits that are eight times higher than they can achieve from normal credit card issuers on unsecured products.
• Better Value: The card offers prime-like rates and more rewards, providing a stark contrast to the high-interest alternatives typically available to this demographic.

“Over $70b in consumer loans are secured by assets each year, with pricing that simply doesn't make sense given borrowers’ risk profiles. We are on a mission to create the most powerful and affordable credit products for those that have been mistreated for years by traditional lenders,” said Jordan Miller, Co-founder and CEO of Yendo. “This new warehouse facility enables us to scale responsibly and bring more people into the financial system with products that are transparent, affordable, and designed to build long-term financial health.”

This partnership was inked despite a broader pullback in private debt in 2024 and 2025. The deal signals a significant vote of confidence in Yendo’s products and credit models at a time when private debt markets remain historically constrained – with only 176 private credit vehicles closing in the past 12 months, the lowest number in at least five years.

“Yendo has demonstrated exceptional credit discipline and a clear understanding of an underserved market,” said Peter Frank, Managing Director at i80 Group. “Their asset-backed approach provides real security while giving creditworthy consumers access to affordable credit. In an environment where lenders are pulling back, we see Yendo as a category leader with significant room to scale responsibly.”

Yendo has recorded double-digit growth in revenue and originations, demonstrating sustained demand for responsible credit alternatives. To date, the company has saved customers more than $150 million in interest and fees compared to alternative lending options, serving consumers across 45 states.

About Yendo

Founded in 2021 by Jordan Miller, George Utkov, and Daniel Ashy, Yendo is the creator of the first vehicle-secured credit card designed to broaden financial access. By allowing consumers to leverage the equity in their assets, Yendo provides revolving credit at fixed, affordable rates, agnostic of credit score. To learn more about how Yendo is making finances more accessible, visit https://www.yendo.com.

About i80 Group

i80 Group is an SEC-registered, global investment firm that was founded in 2016. The firm provides asset-based credit solutions that help companies scale through critical growth milestones. The firm is headquartered in New York with an office in London. For more information, please visit www.i80group.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260220956566/en/