Transaction Capital, owner of WeBuyCars and SA Taxi, has signed a deal with an unnamed bank to provide funding for its vehicle-financing business, Gomo, to allow it to originate more loans for older cars and drive sales.
As the future of SA Taxi hangs in the balance, with only a few more months of funding left and rising bad debts, Transaction Capital needs to increase income in its remaining businesses...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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