Yendo

Yendo is a fintech company that applies artificial intelligence and machine learning to consumer credit underwriting and decisioning. Its automated onboarding pipeline evaluates applications and returns credit decisions in minutes; virtual card access is available within 15 minutes of application. The company operates in the United States across fintech, consumer lending and credit cards, with particular activity in non-prime credit and financial inclusion.

The firm's product is a vehicle-secured credit card, backed by equity in a consumer's vehicle rather than a cash deposit. The design is intended to unlock what the company describes as a $4 trillion pool of trapped vehicle equity, offering credit at prime rates as an alternative to title and payday lending. Pre-approval does not affect an applicant's credit score, and account activity is reported to all three major credit bureaus.

Yendo reports that customers have saved more than $150 million in interest and fees compared with traditional lending options. The company describes itself as mission-driven, focused on helping American consumers build credit and stronger financial futures, and on replacing predatory lending products with affordable credit.