Tuxedo Ties Up Card Cash ; Financial Mail

Summary


PRE-PAY card group Tuxedo Money Solutions, which owns the Blue Diamond brand, has raised Pounds 8.5 million extra funding after sealing a deal with a Dutch investment firm.

Chief executive Mark Simon said Tuxedo had raised about Pounds 5 million of the total from the management of the company, which is chaired by co-founder Ali Sarikhani along with an anonymous private investor.

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Extract


Tuxedo Ties Up Card Cash ; Financial Mail

The other Pounds 3.5 million comes from Dutch company Reggeborg...

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