Yonder & Griffin innovate credit with new top-up feature

Yonder has collaborated with UK-based Griffin to introduce a new feature called Top-ups, enabling users to increment their credit limits while simplifying payment reconciliation processes.

Yonder, known for its rewards credit card, aims to help young professionals manage credit effectively. Users can add cash to their credit accounts through the partnership, enhancing their spending power. Griffin's embedded bank accounts automate previously manual tasks, specifically payment reconciliation.

Yonder customers gain more control over their credit spending and continue enjoying rewards. Over time, the arrangement is expected to supply Yonder with data insights imperative for credit-related decisions, such as increasing individual 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."

Griffin co-founder and CEO, David Jarvis, expressed enthusiasm about the partnership: "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 provide the infrastructure that makes the UK's best credit card even better."

Griffin's role in the partnership includes offering the secure, regulated infrastructure necessary for this initiative, blending the power of a bank with modern software to deliver a full-stack Banking as a Service (BaaS) platform. This setup is designed to assist companies in integrating banking services into their products efficiently and securely.

The collaboration is part of Yonder's broader strategy to reimagine credit relationships. It concentrates on rewards across diverse sectors, such as dining, entertainment, lifestyle, and travel.