Yonder raised £23.4M in a Series A funding round led by Dan Jones of Repeat to enhance its rewards platform for millennial credit card users.

Sep 19, 2024•about 1 year ago

Amount Raised

£23.4 Million

LondonFinance

Investors

Remus BrettGareth JefferiesDan Jones

Description

Rewards credit card startup Yonder has successfully raised £23.4 million in a recent funding round. The investment aims to support Yonder's product development, expansion into Europe, and hiring plans as it seeks to provide better financial access for its millennial audience.

Company Information

Company

Yonder

Location

London, England, United Kingdom

About

Yonder is a platform that offers customers a high rate of return on their spending, with points that can be redeemed at selected partners around London. It lets customers earn 1 point for every £1 they spend, and up to 5 points per £1 at Yonder partners. Each point is worth approximately 2.5p of value, so spending £1000 can earn £25 to spend on a Yonder experience.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends