Yonder funding news – London-based Yonder Secures £23.4Million in New Funding

Dan Jones, through Repeat (formerly Jigsaw), and Gareth Jefferies, through RTP Global, led the fundraising round. Remus Brett, through LocalGlobe's sibling fund Latitude, provided support.

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Tim Chong, Yonder’s CEO and co-founder, says, “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. More than a fifth of our members’ spend each month is on travel and the no FX fees abroad, points earned abroad, and worldwide family travel insurance we offer already make Yonder a great companion for travellers. But with the launch of Flights and Stays, we’re continuing to deliver on our mission, and we’re excited to keep developing our offering in this area,”.

The UK firm intends to utilize the capital to accelerate recruiting and product expansion in order to establish itself as the leading rewards platform for socializing, traveling, and exploring new cities.

Dan Jones, founder and managing partner at Repeat (formerly Jigsaw) says, “Over the years we have backed several billion+ fintech companies at their early stages of growth where the differentiation was driven largely by frictionless UX and better service delivery of traditional products. It builds on this with a new category of credit card offering specifically for the Millennial & Gen Z community – a huge segment of the market largely ignored by existing products. The team’s impressive traction and deep fintech expertise make us believe Yonder will lead the way in the next generation of consumer fintechs.”

About Yonder

Yonder is a contemporary rewards credit card that was founded in 2022 with the goal of mending customer ties through loyalty benefits in the dining, entertainment, lifestyle, and travel sectors. With a focus on travel, the organization now offers monthly benefits that vary across dining and drinking, entertainment, lifestyle, and internet. Points can be used for flights on any airline, to any destination, at any time.