Dallas, Texas - Yendo, a pioneering financial services company based in Dallas, Texas, is delighted to announce the successful completion of its Series A funding round, raising an impressive $24 million. The round was led by esteemed investment firms Human Capital and FPV Ventures, with participation from Autotech Ventures.

Yendo aims to democratize access to affordable credit, firmly believing that everyone should have equitable opportunities to secure financial assistance. Leveraging the power of machine learning and artificial intelligence, the company has developed the world's first vehicle-secured, revolving credit solution. This innovative product offers borrowers a cost-effective alternative to traditional non-bank financial products, with savings of up to 95%.

Americans currently spend a staggering $45 billion annually on non-bank financial products, often burdened by exorbitant interest rates and limited repayment flexibility. Yendo's groundbreaking technology disrupts this landscape by utilizing advanced algorithms and data analytics to inform credit and valuation decisions accurately. By leveraging the untapped value of the $3 trillion worth of vehicles owned outright in the United States, Yendo is able to provide sustainable credit solutions to millions of individuals traditionally denied by conventional lenders.

"This successful Series A funding round marks a significant milestone for Yendo," said Jordan Miller, the company's founder. "We are thrilled to have the support of Human Capital, FPV Ventures, and Autotech Ventures, who share our vision of financial inclusion and are committed to empowering individuals through accessible credit options."