- Funding Raised: £23.4 million.
- Lead Investors: RTP Global and Repeat (formerly Jigsaw VC), with additional support from LocalGlobal, Seedcamp, and Northzone.
- Previous Funding: In 2022, Yonder raised £62.5 million (£12.5 million in equity, £50 million in debt) at a valuation of over £70 million.
- Use of Funds:
- Expand team.
- Enhance rewards offerings.
- Accelerate international expansion, aiming to launch outside the UK by the end of 2025.
- Company Overview:
- Founded in 2021 and launched in March 2022.
- Offers a lifestyle rewards credit card, using open banking data for personalized credit decisions rather than traditional credit checks.
- Recent Developments:
- Introduced a free membership tier.
- Launched Yonder Flights, allowing members to redeem points on any flight globally.
- Future Plans:
- New partnerships with iconic global brands.
- Additional features to promote responsible credit usage.
UK credit card start-up Yonder secures £23.4m in fresh funding
