Yonder, a London, UK-based provider of a rewards credit card, raised £23.4M in funding.
The round was led by Repeat (formally Jigsaw), Gareth Jefferies through RTP Global with participation from Remus Brett through Latitude.
The company intends to use the funds to accelerate its growth through extensive hiring, the expansion of rewards into new categories, and the launch of its city-based experiences in Manchester, Birmingham, Bristol and Bath alongside London.
Led by CEO Tim Chong, Yonder is a modern rewards credit card that helps young people to improve experiences in their city and beyond. Launched in 2022, it aims to rebuild customers’ relationships with credit through loyalty rewards spanning dining, entertainment, lifestyle and travel categories.
This latest round followed the startup’s Series A fundraise of £12.5M in equity and £50M in debt in April 2023.
FinSMEs
19/09/2024