Yonder cofounder and CEO Tim Chong

Opinion

May 24, 2023

How to fundraise as a consumer fintech in the middle of the downturn

Yonder's seed round was easy to raise; its Series A was a much bigger challenge. CEO Tim Chong breaks down why

Tim Chong

7 min read

In 2021 we closed a £5m seed round just six months after starting Yonder and FOMO investments were rife — when we secured £62.5m in Series A funding earlier this year, those same investments had been replaced by a lot more scrutiny on profitability, unit economics and forecasts, and our milestones and progress were stringently put under a microscope. 

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Screenshot of an investor messaging Yonder CEO Tim Chong about seeing someone use their product
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Bar chart showing the average revenues for public fintechs
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A screenshot from the alchemy of fintech valuations for different fintech sectors
A screenshot from the alchemy of fintech valuations for different fintech sectors
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Tim Chong

Tim Chong is the cofounder and CEO of fintech Yonder.

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