London based FinTech Yonder has raised £20mn in its latest funding round as it emerges from stealth.
In Brief:
Yonder aims to “rebuild customers’ relationship with credit”.
Its three cofounders come from Clearscore, Wise and Monzo.
The funding round was led by Northzone and LocalGlobe.
What does this mean?
Yonder is aiming to improve access to credit cards for people with a thin credit file, by using daily transaction history to determine credit suitability. It also plans to focus on offering perks and rewards.
