About Wonga
Wonga is a Financial Services company based in London (United Kingdom) founded in 2007, and was acquired by Kruk in April 2019. It offers quick online loans, installment options, and financial assistance for individuals. It operates on a B2C model. Wonga has raised $158.27 million across 4 funding rounds from investors including Accel, Betfair Group and Dawn Capital. The company has 125 employees. Wonga has completed 1 acquisition, including BillPay. Wonga offers products and services including Short-term Loan and Installment Loan. Its focus areas include FinTech, Lending Tech, Online Loans and Installment Lending. Its legal entity is WDFC UK LIMITED. Its competitors include Dot Dot Loans, Moneyboat and Moneyline.
Company details
Wonga is a financial services provider based in Warsaw, Poland, focusing on online lending solutions. It offers short-term loans and installment options through a user-friendly website and app, allowing quick applications and fund transfers within minutes. The company serves individuals needing immediate cash for personal needs, emphasizing transparent terms, free first loans, and benefits like payment flexibility. They operate under Polish regulations to ensure compliance and customer protection.
Products & Services of Wonga
Wonga offers a comprehensive portfolio of products and services, including Short-term Loan and Installment Loan.
Quick online loan for immediate financial needs with fast approval and transfer.
Flexible loan repaid in installments for larger amounts with variable terms.
Funding Insights of Wonga
Wonga has successfully raised a total of $158.27M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $12.77 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $158.27M
- Total Rounds 4
- Last Round Series C — $12.77M
- First Round $6M
(Jun 2007)
- Investors Count 8
All 4 funding rounds of Wonga with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2018 | $12.77M | Series C | – | – | |
| Feb 2011 | $117M | Series C | – | – | |
| Jun 2009 | $22.5M | Series B | – | – | |
| Jun 2007 | $6M | Series A | – | – |
9 investors in total: 9 institutional.
Investors in Wonga
Wonga has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, Betfair Group and Dawn Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Multistage venture capital investments are focused on technology sectors. | 2000 | balderton.com | London, United Kingdom | |
Private equity investments are directed toward US-based companies. | meritechcapital.com | Palo Alto, United States | ||
Dawn Capital is focused on investing in European software startups. | 2007 | dawncapital.com | London, United Kingdom | |
Venture capital firm specializing in early-stage tech investments and founder support. | 1965 | greylock.com | ||
Venture capital investments are made in disruptive growth companies. | oakvc.com | Greenwich, United States | ||
Wellcome is a global charitable foundation focused on health research. | wellcome.ac.uk | London, United Kingdom | ||
Online sports betting exchange services are operated internationally. | 2000 | betfair.com | London, United Kingdom | |
Debt management and recovery services are provided in Europe. | 2011 | kruk.eu | Wroclaw, Poland |
Investor details for Wonga
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Wonga
23 people are tracked at Wonga (4 in leadership, 19 in team); the tracked headcount is 125.
| Name | Role | Group |
|---|---|---|
Tomasz Fedyna | CFO Poland | Leadership |
Brett van Aswegen | CEO | Leadership |
Ian Duvall | Head Of Commercial | Leadership |
Alexey Kirsenko | Head Of Software Development | Leadership |
Albert Lada | Dyrektor Działu Windykacji Polubownej I Sądowej | Team |
Melanie Bique | Collections Manager | Team |
Marco Swart | Senior Software Engineer | Team |
Selva Ayyappan | BI Developer | Team |
Andre du Plessis | Senior Developer | Team |
Uma Duggirala | Quality Assurance Manager | Team |
Lee McGregor | Senior Ios Developer | Team |
MacIej E. | QA Automation Engineer | Team |
MacIej Matejek | Ekspert Ds. Sprzedaży I Obsługi Klienta | Team |
Roegmah Petersen Veitch | Quality Control Compliance Specialist | Team |
Siviwe Henda | QA Analyst | Team |
Adrian Bartosz Niechciał | Front-end Developer | Team |
Jarosław Rencz | Front-end Developer | Team |
Joanna Zaremba | Product Owner | Team |
Sean Amos | Principal Developer | Team |
Devender Koppula | Devops Engineer | Team |
3 more people are available in the full profile.
Complete people profiles for Wonga
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Wonga
Wonga has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BillPay.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
A unified billing and payment service | billpay.sg | Singapore | 2011 | Oct 2013 | •••• |
Complete acquisition details for Wonga
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Competitors of Wonga
Wonga has 3 listed competitors in our database. They include Dot Dot Loans, Moneyboat and Moneyline.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dotdotloans.co.uk | 2017 | Batley, United Kingdom | 4 | Provides online brokerage for short-term loans to UK individuals. | ||
| moneyboat.co.uk | 2014 | Highgate, United Kingdom | 27 | Offers short-term loans from £200 to £1,500 with flexible repayment options. | ||
| moneyline-uk.com | 2002 | Blackburn, United Kingdom | Short-term loans are provided to UK customers by Moneyline. |
Detailed competitors of Wonga
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Web traffic of Wonga
The website of Wonga (wonga.com) receives about 4.3K visits a month.
- Monthly visits4.3K
▼ 50.9% vs previous month
Websites whose visitors overlap most with Wonga. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| borro.com | 100% | 30.7K | #785,679 | View details | |
| realexpayments.com | 86% | 2.3M | #27,430 | View details | |
| lendingstream.co.uk | 81% | 526.8K | #83,935 | View details | |
| 4finance.com | 60% | 6.2K | View details | ||
| nixonwilliams.com | 47% | View details |
Top companies in Alternative Lending
2 companies that operate in the same segment as Wonga (Alternative Lending) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M |
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Related news about Wonga
Complete news archive for Wonga
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Frequently Asked Questions about Wonga
Wonga was founded in 2007.
Wonga is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Wonga is a funded company, having raised a total of $158.27M across 4 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jun 2007.
Wonga has 125 employees.
Wonga is a financial services provider based in Warsaw, Poland, focusing on online lending solutions. It offers short-term loans and installment options through a user-friendly website and app, allowing quick applications and fund transfers within minutes. The company serves individuals needing immediate cash for personal needs, emphasizing transparent terms, free first loans, and benefits like payment flexibility. They operate under Polish regulations to ensure compliance and customer protection.
Wonga's top competitors include Moneyline, Dot Dot Loans and Moneyboat.
Wonga offers Short-term Loan and Installment Loan.
Wonga has made 1 acquisition, including BillPay.
Wonga has 9 investors. Key investors include Accel, Betfair Group, Dawn Capital, Balderton Capital, and Kruk.
Wonga operates through Wdfc Uk Limited.
Yes. Wonga was acquired by Kruk in April 2019.