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We’re so excited to join forces with credit card startup Yonder!
Yonder are challenging the status quo on how people can access and use credit, with a lifestyle credit card that’s built around the customer. As a tech-first and truly mission-driven business, Yonder was an obvious choice for us, with company values centred around fairness, transparency and a promise to put the customer first.
Alongside their modern rewards system and no foreign exchange fees, Yonder are breaking fresh ground by removing the requirement for a credit score. Rather than relying on traditional credit checks alone, the company will utilise Open Banking to build up a more accurate, holistic view of a person’s finances and spending habits, allowing access to finance for the 5 million ‘credit invisible’ customers who risk being excluded from the financial system. Their offering will appeal to the young person who hasn’t yet had the chance to establish a credit record, the person living abroad and having problems opening a bank account, or the immigrant setting up their new life in a new country.
A transformative business like Yonder needs a transformative partner like Ophelos, one that helps to better identify and support potentially vulnerable customers through our machine learning platform. Our proprietary technology will allow Yonder to offer best-in-class support for any customers who might find themselves behind on payments, ensuring that each customer reaches the best outcome for their personal situation and is empowered with the right tools to boost their financial health.
By taking an ethical and digital approach to debt resolution, our partnership with Yonder will ensure that customers will benefit from fairer, more personalised ways of managing credit - not just at the point of taking credit out, but at every stage of the customer journey.
