Yendo Secures $200M Commitment From i80 Group to Scale AI-Powered Asset-Backed Credit Cards

The new capital will support up to $200 million in additional credit card originations, allowing the company to expand its customer base nationwide.

Published on Feb. 22, 2026

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Yendo, a fintech startup founded in 2021, has secured a $200 million funding commitment from i80 Group to accelerate the growth of its AI-enabled credit card products. The new capital will support up to $200 million in additional credit card originations, allowing the company to expand its customer base nationwide and continue delivering asset-backed credit solutions to consumers.

Why it matters

Yendo's platform leverages proprietary AI infrastructure to modernize the origination of secured consumer credit, which is a $70 billion market annually. The company's approach aims to lower origination costs and enable it to pass savings on to customers in the form of higher credit limits and more competitive rates, positioning its flagship vehicle-secured credit card as an alternative to high-interest credit options commonly available to underserved borrowers.

The details

The $200 million commitment from i80 Group is structured as a warehouse facility designed to fuel expansion of Yendo's full suite of credit card offerings. The company's platform autonomously verifies, evaluates, and secures consumer assets in minutes, reducing processes that historically took weeks down to minutes. Through its flagship vehicle-secured credit card, customers can use their vehicle as collateral to access significantly improved terms compared to unsecured credit products, with average credit limits up to eight times higher than those typically offered on unsecured cards and prime-like interest rates.

  • Yendo was founded in 2021.
  • The company secured a $50 million Series B round prior to this $200 million commitment from i80 Group.
  • The new capital commitment comes amid a broader contraction in private debt markets across 2024 and 2025, with only 176 private credit vehicles closing in the past 12 months.

The players

Yendo

A fintech startup founded in 2021 that leverages proprietary and patent-pending artificial intelligence infrastructure to modernize the origination of secured consumer credit.

i80 Group

An SEC-registered global investment firm that provides asset-based credit solutions to help companies scale through critical growth milestones. The firm was founded in 2016 and is headquartered in New York with an office in London.

Jordan Miller

Co-founder and CEO of Yendo.

Peter Frank

Managing Director at i80 Group.

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What they’re saying

“Over $70b in consumer loans are secured by assets each year, with pricing that simply doesn't make sense given borrowers' risk profiles. We are on a mission to create the most powerful and affordable credit products for those that have been mistreated for years by traditional lenders. 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.”

— Jordan Miller, Co-founder and CEO, Yendo

“Yendo has demonstrated exceptional credit discipline and a clear understanding of 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.”

— Peter Frank, Managing Director, i80 Group

What’s next

The new $200 million warehouse facility from i80 Group will enable Yendo to significantly expand its credit card originations and customer base across the United States.

The takeaway

Yendo's innovative approach to leveraging AI and asset-backed credit solutions is providing an affordable alternative to traditional high-interest credit options, particularly for underserved borrowers. The new capital commitment from i80 Group signals confidence in the company's credit models and growth potential in a challenging lending environment.