Yendo has secured a $200 million warehouse commitment from i80 Group to expand its vehicle-secured credit card originations, following a previous $50 million Series B round. The company leverages proprietary AI to autonomously verify and secure consumer assets, which allows for higher credit limits and lower interest rates compared to traditional unsecured cards. This approach also reduces underwriting costs and approval times. Yendo aims to position asset-backed revolving credit as a more efficient and responsibly priced option within the $70 billion consumer secured lending market, and is expanding nationally despite a general decline in private debt funding.

Yendo Secures $200 Million to Expand Vehicle-Secured Credit Cards