Strategy and Operations Manager

Yendo secures $200 million to expand vehicle-secured credit cards. 21 February 2026 Key Takeaways * Yendo secures $200 million from i80 Group to grow credit card originations. * Proprietary AI infrastructure enables faster approvals, higher limits, and lower rates for consumers. * Funding accelerates expansion of Yendo's AI-powered vehicle-secured credit products. Yendo receives $200 million commitment to scale credit products. Yendo announced a $200 million funding commitment from i80 Group. The capital will supply up to $200 million in new credit card originations. It will allow Yendo to expand its customer base and provide responsible credit products across the United States. The commitment follows Yendo's $50 million Series B round. The funds will accelerate growth across the company's full line of credit card offerings, including its flagship vehicle-secured card. Propelling this expansion is Yendo's proprietary and patent-pending AI infrastructure. Traditional lenders originate more than $70 billion in asset-backed consumer loans annually. Most rely on manual processes and outdated technology. Yendo's infrastructure autonomously verifies, evaluates and secures consumers' assets, ranging from vehicles to homes, in minutes. This enables higher credit limits and lower rates. AI infrastructure reduces costs and improves consumer terms. Yendo's AI can establish security interests in assets for pennies compared to legacy lenders. Processes that traditionally took weeks now take minutes. These efficiencies reduce operational costs and allow Yendo to pass savings to consumers. Security and verification standards remain robust. The vehicle-secured credit card allows customers to use their vehicles as collateral. This unlocks better terms than traditional unsecured products. Customers typically achieve credit limits eight times higher than conventional cards. The card also offers prime-like rates and increased rewards, contrasting sharply with high-interest alternatives. Co-founder and CEO Jordan Miller said the market for asset-backed consumer loans is large but mispriced. He noted over $70 billion in loans are secured each year, often without proper pricing for borrowers' risk profiles. He added: "This new warehouse facility enables us to scale responsibly and bring more people into the financial system with products that are transparent, affordable, and designed to build long-term financial health." Market confidence amid private debt pullback. The partnership was finalised despite a broader pullback in private debt in 2024 and 2025. Only 176 private credit vehicles closed in the past 12 months, the lowest total in at least five years. i80 Group managing director Peter Frank said Yendo demonstrates exceptional credit discipline. He noted the company understands an underserved market. "Their asset-backed approach provides real security while giving creditworthy consumers access to affordable credit. In an environment where lenders are pulling back, we see Yendo as a category leader with significant room to scale responsibly," Frank added. Yendo has recorded double-digit growth in revenue and originations. To date, the company has saved customers more than $150 million in interest and fees compared to alternative lending options. The platform now serves consumers across 45 states. Vehicle-Secured credit cards empower consumers. Founded in 2021 by Jordan Miller, George Utkov, and Daniel Ashy, Yendo created the first vehicle-secured credit card. The product allows consumers to leverage equity in assets to access revolving credit at fixed, affordable rates. Eligibility does not depend on credit scores. The AI-driven infrastructure verifies and secures assets quickly. Customers experience higher credit limits and lower interest rates than traditional unsecured products. Yendo's model ensures transparency and affordability while broadening financial access. Growth driven by Proprietary AI infrastructure. Yendo's proprietary infrastructure is central to its expansion strategy. It autonomously verifies, evaluates and secures assets within minutes. Traditional processes that took weeks are now completed rapidly. This enables higher credit limits, lower rates and improved consumer experience. The AI platform also reduces operational costs. Savings are passed to customers. By combining speed, accuracy and cost-efficiency, Yendo sets itself apart from traditional lenders reliant on manual systems. The company emphasises responsible growth. New funding from i80 Group allows Yendo to scale originations while maintaining prudent credit discipline. Yendo continues to prioritise long-term financial health for its users. Scaling nationwide with responsible lending. The capital commitment supports scaling of Yendo's full line of credit products. This includes expanding originations for vehicle-secured credit cards. The company aims to continue serving main street consumers who have historically lacked access to fair credit. The partnership signals strong confidence in Yendo's technology and credit models. Despite challenges in private debt markets, investors recognise the company's disciplined approach and innovative solutions. Yendo's double-digit revenue growth demonstrates sustained demand. Consumers across 45 states have benefited from lower rates and increased credit limits. To date, more than $150 million has been saved in interest and fees compared to alternative options. Driving responsible credit innovation. Yendo continues to focus on responsible lending. Its flagship vehicle-secured credit card exemplifies this. Customers gain higher spending power and better value. Rates are competitive and rewards generous. Users benefit from faster approvals and secure asset verification. The AI infrastructure enables scale without compromising security. Tasks that once took weeks are now completed in minutes. The platform offers a modern alternative to traditional lenders. It broadens financial access while maintaining robust verification and protection standards. The funding also enables Yendo to expand product offerings. New credit products may leverage the same AI infrastructure. This approach ensures consistent performance and affordability. To stay updated on crypto venture capital funding and market trends, visit its venture capital news section for more insights. Clinton Nwachukwu is a crypto and finance writer with an MBA in Artificial Intelligence and 6+ years of experience creating content for leading global brands. He turns complex topics into clear, actionable insights for readers worldwide. Disclaimer VentureBurn is a media platform covering the latest in cryptocurrency, artificial intelligence, venture capital, and the startup ecosystem. 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Yendo, a fintech company serving mainstream consumers, has secured a $200 million funding commitment from i80 Group to scale its AI-enabled credit card products. The capital will support up to $200 million in new credit card originations, following Yendo's $50 million Series B round. The company's flagship product is a vehicle-secured credit card that offers customers average credit limits eight times higher than traditional unsecured cards. Yendo's proprietary AI infrastructure autonomously verifies and secures consumer assets including vehicles and homes in minutes, compared to weeks for legacy lenders. Founded in 2021, Yendo has achieved double-digit revenue growth and saved customers over $150 million in interest and fees compared to alternative lending options. The company currently serves consumers across 45 states, leveraging technology to make asset-backed lending more efficient and affordable.