Yendo, a Dallas, TX-based fintech company that provides a credit card service, has raised an additional $200 million in funding from i80 Group.
The amount comes after Yendo’s $50 million Series B round.
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The company plans to use the funds to accelerate growth across its full range of credit card products.
Yendo is a fintech company focused on everyday consumers. Its growth is driven by proprietary, patent pending AI technology. While traditional lenders issue more than $70 billion in asset-backed consumer loans each year, many still rely on manual processes and outdated systems. Yendo’s platform automatically verifies, evaluates, and secures assets such as cars and homes in minutes, enabling higher credit limits and lower interest rates.
Yendo’s AI secures customer assets at a much lower cost than traditional lenders, completing processes in minutes that once took weeks and significantly reducing loan origination expenses. These savings are passed on to customers while maintaining strong security and verification standards. Its main product lets customers use their vehicle as collateral, helping them access better terms than those typically available in the market.
Customers have much greater spending power, with average credit limits up to 8 times those of standard unsecured credit cards. The card also offers lower, prime-like interest rates and better rewards than the high-interest options usually available to this group.
This partnership was completed even as private debt markets pulled back in 2024 and 2025. The deal shows strong confidence in Yendo’s products and credit models, even as private debt remains tight, with only 176 private credit funds closing in the past 12 months—the lowest level in at least 5 years.
Yendo has achieved double-digit growth in both revenue and loan originations, demonstrating strong, steady demand for responsible credit options. So far, the company has helped customers save more than $150 million in interest and fees compared to other lending options, serving consumers in 45 states.
“Jordan Miller, Co-founder and CEO of Yendo, said more than $70 billion in consumer loans are secured by assets each year, often with pricing that does not reflect borrowers’ true risk. He said the company’s mission is to offer more powerful and affordable credit products to people who traditional lenders have underserved. He added that the new warehouse facility will help Yendo grow responsibly and provide more consumers with transparent, affordable products that support long-term financial health.”
“Peter Frank, Managing Director at i80 Group, said Yendo has shown strong credit discipline and a deep understanding of an underserved market. He noted that the company’s asset backed model offers real security, while helping qualified consumers access affordable credit. Even as many lenders pull back, he sees Yendo as a leader in its category with strong potential for responsible growth.”
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.
About i80 Group
i80 Group is an SEC-registered global investment firm founded in 2016. It provides asset-based credit solutions to help companies grow and reach key milestones. The firm is headquartered in New York and has an office in London.
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