Fintech startup Yendo raised $50 million in Series B funding to accelerate its AI-driven credit platform. Investors include Mark Cuban and others. Yendo aims to revolutionize consumer finance by unlocking asset equity affordably and safely at scale, saving customers hundreds of millions while delivering higher credit access.

Yendo targets 65 million Americans without mainstream credit access. The company’s AI reduces origination costs by up to 95%, serving borrowers traditional banks reject. Yendo taps into $4 trillion in equity, offering credit limits up to 8 times higher than traditional cards with industry-leading interest rates and rewards.

Yendo has saved users over $200 million in interest charges and fees, with double-digit growth monthly. Approval for up to $10,000 in revolving credit is fast and accessible via smartphone and a vehicle. Yendo is creating equity of financial opportunity for over 65 million Americans.

Read more at Yahoo Finance: Mark Cuban-Backed Fintech Startup Yendo Raises $50 Million To Create AI Bank Serving Millions Locked Out Of Traditional Lending