The round was led by FPV Ventures, along with existing investors Human Capital and Autotech Ventures. This marks a significant milestone for Yendo, a company that provides a prime credit offering to the millions of Americans who previously lacked access to the financial system because of their credit score. The funding will fuel the next phase of growth for Yendo, enabling the company to make key hires, enhance the product experience and help more people by expanding into more states. As part of the deal, lead investor Wesley Chan will join the board.

Founded in 2021 by Jordan Miller, George Utkov, and Daniel Ashy, Yendo is the first-ever vehicle-secured credit card created for the millions of Americans who have historically lacked access to the financial system because of their credit score, or lack thereof. All customers need to get started with Yendo is a smartphone and a car. In less than 10 minutes, consumers can get up to $10,000 in revolving credit at a fixed, affordable rate, agnostic of their credit score.