Yonder gets into travel insurance
Yonder, a UK-based credit card startup, is entering the travel insurance space.
Yonder has partnered with AXA to offer comprehensive travel insurance including trip cancellation, winter sports, and medical expenses as part of its credit card membership fee, which goes for £15/month.
In March, Yonder closed a £20 million seed round.
“Credit card insurance policies can be fraught with loopholes that catch consumers out in their moments of need. Insurance is one of the core benefits of a lifestyle credit card, but the credit industry is shockingly outdated. Just as it’s harder than ever to spend rewards points on something you actually want, policy coverage has also fallen behind the times. Together with AXA, we’ve built a travel insurance policy around our members’ needs, so they can hit the road with peace of mind.” – Yonder co-founder and CEO Tim Chong.