Yendo, a fintech company focused on providing credit products to main street consumers, has secured a $200 million funding commitment from i80 Group. This capital is designated to facilitate up to $200 million in new credit card originations, enabling Yendo to expand its customer base and deliver credit solutions nationwide.

This funding follows Yendo’s $50 million Series B round and will accelerate the growth of its credit card product line, including its primary vehicle-secured credit card. Yendo’s expansion is driven by its proprietary and patent-pending AI infrastructure, which automates processes traditionally handled manually by lenders.

While the consumer loan market sees over $70 billion in asset-backed originations annually, many legacy lenders use outdated technology. Yendo’s AI system autonomously verifies, evaluates, and secures consumer assets, such as vehicles and homes, in minutes. This efficiency allows for higher credit limits and lower rates, significantly cutting costs in the loan origination process and passing savings directly to consumers while maintaining robust security standards.