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Jaja, a mobile-first business that provides digital and physical credit cards and other financing services, agreed to acquire Bank of Ireland's U.K. credit card business for £530m. As part of the deal, the UK fintech is also getting an equity investment of £20m from KKR, Centerbridge Partners and other unnamed investors.
“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,” said Neil Radley, CEO of Jaja Finance, in a statement. “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.”
https://techcrunch.com/2019/06/28/jaja-bank-of-ireland-credit/
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