Jayride (ASX:JAY) raises $1.5M to expand global airport transfers

Jayride Group, a global airport transfer-focused online travel marketplace, raised $1.5 million through a convertible note offering.

The funds will enhance the company's financial position and support ongoing operations.

The first tranche of $525,000 is set to be completed soon, with the remaining pending shareholder approval.

The financial initiative aims to strengthen Jayride's ability to execute strategic objectives and leverage its global service reach, covering 95% of worldwide airport trips.