U.K. credit card startup Yonder has secured £12.5M ($15.5M) in equity funding and £50M ($62M) in debt through its Series A.
The round was led by Northzone and RTP Global, with additional
participation from angel investor Joseph Moore, founder of Crust Bros.
- The
U.K.-based startup combines a credit card with a points-based rewards
scheme that can be used at multiple London venues such as cinemas, wine
merchants, and eateries.
- Yonder, which is popular among Gen Z,
looks to offer a unique path to credit card rewards offered by many
traditional providers in Europe.
- The company also noted it
plans to extend its Series A round to members through a private
crowdfund, set to go live sometime in April.
- The new round of funding has resulted in a post-money valuation of more than £70M ($87M).
- The company has raised a total of £38.8M ($48.2M) from venture investors.
