Yendo is live in Texas

Yendo, a startup operating in the space of car-equity lending, is now live in Texas.

Founded in 2021, the Dallas-based company (and a team of 28) offers a platform for people to borrow against their vehicles at a 24.99% interest rate and up to $10,000. “While $3T worth of vehicles are owned outright in the U.S., tens of millions of their owners are denied by traditional lenders. We are unlocking the value in those vehicles to provide sustainable credit for those that need it most.”

The news comes after the company closed a $60 million debt financing round earlier this year.