Jayride investment

AIRPORT transfer marketplace Jayride has announced the successful raising of $11 million in new capital, revealing the funds will be used for selective investment in its global growth strategy and to pay down debt.

The company confirmed $2 million in cash was used to eliminate its total debt, resulting in a saving of $102k in interest.

“This has ensured Jayride is well placed to accelerate our growth strategy,” MD Rod Bishop said.