The digital finance company secured £20m in Series C investment alongside a major portfolio acquisition agreement with Bank of Ireland UK.
"This announcement with Bank of Ireland UK is an exciting and important development in Jaja’s journey and is part of our strategy to create partnerships that will help more people embrace a simpler way of managing credit. Our vision is to enable a new generation of mobile-first credit card products with unrivalled functionality, service and security. We’re excited to be welcoming Bank of Ireland UK customers as cardholders."
The oversubscribed round was backed by new investors eCAPITAL and Seraphim Capital alongside existing backers.
"Developers are struggling to cope with the need for trusted solutions for cybersecurity and functional safety. UltraSoC is uniquely able to provide such features at the fundamental hardware level. eCAPITAL and Seraphim add sector-specific focus and expertise in cybersecurity and in the aerospace ecosystem, where functional safety and reliability are paramount. I’m delighted to have secured their support alongside our existing major investors who have recommitted in this latest funding round."
General Atlantic led the Series C round, which will fund US expansion and platform development.
"The next generation of young people want an experience the fashion industry is struggling to provide. They want authenticity and to set their own trends. They’re influenced by real people. They want choice and individuality, the ability to buy on demand and sell on with ease. At the same time, they want to reduce waste. Depop is set up to meet these changing demands. We exist to empower the next generation to transform fashion."
