RTP Global and Repeat (formerly Jigsaw VC) co-led the fundraising round, which also received backing from Northzone, Seedcamp, and LocalGlobal.

Northzone previously teamed together with RTP Global to drive Yonder’s £62.5 million financing last year, during which the fintech obtained £12.5 million in equity and £50 million in debt at a business valuation of over £70 million.

Yonder claims it would use the money to "grow our team, launch even better rewards, and fast-track our expansion outside the UK," according to a statement it made about the investment on LinkedIn.

The firm adds, "By the end of next year, we'll be taking Yonder on tour and launching outside the UK with this new funding."

Yonder is a 2021-founded and March 2022-launched credit card company that uses open banking instead of traditional credit checks to create a profile of its clients' spending patterns based on transactional data and provide a more tailored experience.

According to the firm, it has improved its offerings in the past year by adding a free membership tier and Yonder Flights, which let existing members use their reward points on "any flight with any airline globally."

Yonder reports that it is looking forward to "a busy couple of years" and that it will be adding more tools "to help you use credit responsibly" along with "new partnerships with some of the most iconic brands in the world."