Jaja Finance raises £20m in Series C funding to expand its digital credit card operations
The digital finance company secured £20m in Series C investment alongside a major portfolio acquisition agreement with Bank of Ireland UK.
Jaja Finance is a digital finance company providing mobile-first credit card products and point-of-sale financing solutions. The business operates a technology platform built to offer simple and secure financial services.
Jaja Finance has secured £20m in Series C funding to support its ongoing development and market expansion. The investment arrives alongside a major partnership involving the acquisition of credit card portfolios from Bank of Ireland UK, the AA, and the Post Office.
Led by chief executive Neil Radley, the company aims to scale its presence in the UK consumer lending sector through digital credit products. The funding bolsters Jaja as it prepares to transition accounts and onboard new cardholders ahead of 2020.
From the founder
"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."
Neil Radley
CEO at Jaja Finance
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About the company
Jaja Finance
Digital finance company building mobile-first credit card products.