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Yonder Aims to ‘Rebuild’ Consumer Relationships With Credit With Transact Payments Partnership

London-based credit card company Yonder has partnered with Transact Payments, a cards and payments service provider, to bring its reward-based offering to more consumers living in London and repair their relationship with credit.

Yonder’s partnership with Transact Payments will provide access to payments services and the MasterCard network, enabling Yonder to take on an established industry with an innovative lifestyle credit card that provides consumers with exciting reward values, travel benefits and transparent financial services.

Yonder credit card for London
The Yonder Credit Card

Yonder’s credit card offering provides members with curated rewards including exclusive drinking, dining, and leisure experiences in London, as well as a host of travel benefits and other protections. The company was founded in 2021 to challenge the status quo of current UK credit card providers with an innovative, customer-centric credit card offering.

ClearScore alumni Tim Chong, Theso Jivajirajah and Harry Jell founded the company after realising the difficulty of accessing quality credit products as Australian citizens in London. Yonder then began as a solution for ex-pats who might have a stable income and a mortgage back home but couldn’t find an appealing credit provider in the UK.

Transact Payments is one of the most rapidly-growing payment service providers in Europe. It delivers innovative and flexible payment cards, tokenised mobile payments, payment accounts and e-money issuing solutions.

The company aims to offer its clients a regulated payments partner and use its level of expertise to ensure that programmes can go to market as quickly as possible and are also fully compliant. Transact Payments explained that handling this part of the payments puzzle enables its clients to concentrate on creating market-leading customer experiences.

‘Rebuild the world’s relationships with credit’

Tim Chong, co-founder and CEO of Yonder, explained why the partnership was a sensible next step for the firm: “We chose Transact Payments because of their significant experience in the credit card space and their flexible approach to building an innovative partnership that’s allowed us to launch and grow quickly.

“We don’t see why someone choosing to live in London can’t access a rewarding credit card due to their credit or income history being outside the UK. Partners like Transact Payments have given us the foundation we need to rebuild the world’s relationships with credit – and for them to be rewarded in the process.”

Since its inception in 2021, Yonder has raised a total of £20.85million from VC funds including Seedcamp, Northzone and LocalGlobe. It also counts Frank Strauss of Deutsche Postbank, Matt Robinson of GoCardless and ex-footballer Rio Ferdinand amongst its most high-profile angel investors.

Aaron Carpenter, CEO of Transact Payments, also commented on the partnership: “Yonder is blazing a new trail in credit cards rewards, addressing an under-served, but very active, spending market. We look forward to a successful future together and I’m confident Yonder is set to shake up the credit card space in London.”


  • Tom joined The Fintech Times in 2022 as part of the operations team; later joining the editorial team as a journalist.

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