Fenwick Represents Yendo in $50M Series B Funding

Fenwick represented Yendo, the first-ever vehicle-secured credit card, in its $50 million Series B funding. The round included participation from Spice Expeditions, Autotech Ventures, FPV Ventures, Pelion Venture Partners, Mark Cuban, and Clocktower Technology Ventures. 

Yendo will use the funds to accelerate its expansion beyond secured lending as it builds an AI-powered digital bank. Additional information can be obtained here.

The Fenwick transaction team was led by corporate partner Faisal Rashid and included associates Evan McCormick, Raffi Terteryan, and Ross Willmot.