Yonder, a UK-based credit card fintech, has raised £62.5 million in equity and debt funding through a Series A funding round co-led by Northzone and RTP Global. The firm plans to use the funding to double its team, expand its credit rewards offering to new verticals, and launch a private crowdfund.
Facts
- Yonder has raised £12.5 million in equity and £50 million in debt as part of its Series A funding round.
- The funding round was co-led by Northzone and RTP Global and included participation from angel and existing investors.
- The fresh funding gives Yonder a post-money valuation of more than £70 million.
- Yonder was founded in 2021 and launched in March last year, offering a lifestyle rewards credit card targeting young consumers.
- Yonder uses open banking to build a personalized picture of customers’ spending habits based on transactional data and offers travel insurance and no spending fees when traveling abroad.
- Yonder plans to double its team and expand its credit rewards offering to new verticals such as sports, fitness, and theatre.
- The company also plans to launch a private crowdfund for early-stage members later this month.
