Yonder secures £23.4m Series B funding led by Repeat to fuel international expansion and product development
The Series B round was led by Repeat with participation from RTP Global and Latitude to support product growth and international expansion.
Yonder operates a rewards credit card designed for young consumers to earn points on everyday spending and travel. The company combines curated city experiences with financial tools to encourage responsible credit use.
London based rewards credit card provider Yonder has secured £23.4m in a Series B funding round led by Repeat. The capital will support the company as it expands its travel and lifestyle offerings, develops new products and grows its team.
The latest financing builds on a period of rapid growth for the startup, which reports that revenue has tripled over the past year. Additional backing in the round came from RTP Global and Latitude, alongside participation from Revolut.
Following this transaction, Yonder plans to scale its headcount from 45 employees and accelerate its expansion into European markets. The company continues to position its platform around travel benefits and city exploration for younger demographics.
From the founder
"Since our Series A raise we’ve grown steadily as interest in Yonder’s offering for young people has snowballed. We’ve capitalised on our momentum to raise this significant funding round, which will help to fund some monumental milestones in Yonder’s journey."
Tim Chong
CEO and co-founder at Yonder
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Grow the team
Investors
Categories
About the company
Yonder
Rewards credit card providing lifestyle perks and travel benefits.