Jaja Finance Ltd, a London based lending FinTech, has received investment from a consortium.
In Brief:
Jaja Finance provides digitally led credit card products.
A Consortium of KKR and TDR Capital LLP have becomes its majority shareholders.
This involves investment of up to £120mn.
What does this mean?
The transaction is the beginning of a strategic partnership between Jaja, KKR and TDR Capital, with other investors like IAG Silverstripe retaining significant shares. Jaja has so far announced it plans to expand its team with the fresh funds.
