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Asda credit car firm gets £23m cash injection after warning
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Asda credit car firm gets £23m cash injection after warning
The private equity backers of Jaja Finance have contributed another £23m in equity funding after the Asda credit card firm warned on its ability to continue as a going concern, City AM can reveal. A group of existing shareholders participated in the funding in October, Jaja said, and have also vowed to commit a further £20m, in signs the company’s earlier debt raising plans have been put on hold. Jaja, which operates the Asda credit card, counts…
·London, United Kingdom
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