Yonder partners with Griffin to launch Top-ups and simplify payments reconciliation.
Embedded bank accounts lets Yonder's customers boost credit limits with cash top-ups, while streamlining payment reconciliation behind the scenes.
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Yonder, the rewards credit card for modern explorers, has partnered with Griffin, the UK’s leading bank for fintechs. This partnership allows Yonder to offer its customers Top-ups, a new feature that helps them unlock a higher spending limit while enjoying all the benefits of credit.
Dedicated to helping young professionals build a healthy relationship with credit, Yonder is enhancing its offering with Griffin’s embedded bank accounts to deliver two key improvements: An account for Yonder’s customers to boost their spending power by adding their own cash to credit and a streamlined payments infrastructure to support the automation of previously manual reconciliation processes.
With these additions, Yonder is able to give its customers more control over how they spend credit while still enjoying all the rewards. Over time, these accounts will also provide Yonder with valuable data insights to support some credit decisions like increasing customer credit limits.
Tim Chong, co-founder and CEO of Yonder, said: “Our partnership with Griffin has enabled us to launch a really groundbreaking feature for our members—giving them the flexibility to boost their spending power while benefitting from all the rewards and protections that come with credit.
“Top-ups is another step towards our mission of empowering everyone to build financially rewarding lives, and this collaboration is a testament to our shared vision of innovation in payments.”
David Jarvis, co-founder and CEO of Griffin, added: “Sometimes the stars align and you get to collaborate in a way that takes a product to the next level in multiple ways at once. Griffin’s work with Yonder is one of those—it helps make the customer experience that much better in ways big (like supporting large purchases via top-ups) and small (like enabling Confirmation of Payee on customer repayments). We’re thrilled to be providing infrastructure that makes the UK’s best credit card even better.”
About Griffin
Griffin puts the bank in Banking as a Service. We combine the secure, regulated infrastructure of a bank with the speed and power of modern software into one powerful full-stack BaaS platform. We aim to empower companies to embed banking into their products quickly and safely. With purpose-built APIs and an all-access developer sandbox, we’re helping our customers build and launch payment platforms, financial wellness apps, client account products, business loans, and more.
Griffin is regulated by the PRA and the FCA. Griffin’s Firm Reference Number (FRN) is 970920.
Learn more: https://griffin.com | Inquiries: press@griffin.com
About Yonder
Yonder is a modern rewards credit card that helps young people to unlock memorable experiences in their city and beyond. Launched in 2022 and headquartered in London, Yonder is on a mission to rebuild customers’ relationships with credit through a unique take on loyalty rewards spanning dining, entertainment, lifestyle and travel categories. Yonder has raised a total of £42.3m with VC funds Seedcamp, Northzone, LocalGlobe, Repeat (formally Jigsaw) and RTP Global and includes Oliver and Alexander Kent-Braham (Marshmallow) and Rio Ferdinand among its angel investors. Yonder is authorised and regulated by the FCA and is available on iOS and Android. Visit www.yonder.com for more information.
Inquiries: marketing@yonder.com