Yendo

Vehicle-equity credit card

Yendo uses AI to unlock the $1.1 trillion of vehicle equity sitting in cars owned by Americans, in the form of a high-limit, standard-rate credit card for people traditionally excluded from mainstream financial products. Its cards carry APRs similar to those issued to prime borrowers, with no hidden fees or overdraft charges, credit limits four times higher than cards typically available to non-prime borrowers, and credit-building built in. In under two years it has saved customers over $100 million in unnecessary interest and fees. The alternative for these borrowers is auto title, payday and pawn lending at 500% APR and above.