In October, Yendo announced a $50 million Series B funding round to fuel its efforts to grow as a company that claims to be behind the first-ever vehicle-secured credit card.

Now at a time when private debt markets remain historically constrained, Yendo announced on Friday a $200 million funding commitment from i80 Group, enabling Yendo to continue to scale its customer base and bring credit products to consumers across the country.

Yendo said it has recorded double-digit growth in revenue and originations, demonstrating sustained demand for responsible credit alternatives. To date, the company said it has saved customers more than $150 million in interest and fees compared to alternative lending options, serving consumers across 45 states.

Propelling Yendo’s expansion is its proprietary and patent-pending infrastructure fueled by artificial intelligence.

While traditional lenders originate more than $70 billion in asset-backed consumer loans annually, Yendo said most of them rely on manual operations and outdated technology to originate secured credit products.

Yendo highlighted its proprietary infrastructure autonomously verifies, evaluates, and secures consumers’ assets, ranging from vehicles to homes, in minutes and powers higher credit limits and lower rates.

“Over $70 billion 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,” Yendo co-founder and CEO Jordan Miller said in a news release.

“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,” Miller continued.

Yendo pointed out that this partnership was finalized despite a broader pullback in private debt in 2024 and 2025, with only 176 private credit vehicles closing in the past 12 months, the lowest number in at least five years.

“Yendo has demonstrated exceptional credit discipline and a clear understanding of an underserved market,” i80 Group managing director Peter Frank said in the news release. “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.