About Wonga
Wonga is a company based in London (United Kingdom) founded in 2007 was acquired by Kruk in April 2019. It operates as a B2C. Wonga has raised $158.27 million across 4 funding rounds from investors including Accel, Betfair Group and Dawn Capital. The company has 125 employees as of September 30, 2016. Wonga has completed 1 acquisition, including BillPay. Wonga offers products and services including Short-term Loan and Installment Loan. Wonga operates in a competitive market with competitors including Dot Dot Loans, Moneyboat, Moneyline, Swift Sterling and Quidie, among others.
- Headquarter London, United Kingdom
- Employees 125 as on 30 Sep, 2016
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Wdfc Uk Limited
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Wonga
Wonga offers a comprehensive portfolio of products and services, including Short-term Loan and Installment Loan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Quick online loan for immediate financial needs with fast approval and transfer.
Flexible loan repaid in installments for larger amounts with variable terms.
Unlock access to complete
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 Total Funding
- Total Rounds 4
- Last Round Series C — $12.8M
-
First Round
First Round
(27 Jun 2007)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series C - Wonga | Valuation |
investors |
|
| Feb, 2011 | Amount | Series C - Wonga | Valuation |
investors |
|
| Jun, 2009 | Amount | Series B - Wonga | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Accel is recognized as a leading venture capital firm.
|
Founded Year | Domain | Location | |
|
Multistage venture capital investments are focused on technology sectors.
|
Founded Year | Domain | Location | |
|
Private equity investments are directed toward US-based companies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Wonga
Wonga has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BillPay. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
A unified billing and payment service
|
2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Wonga
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wonga Comparisons
Competitors of Wonga
Wonga operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dot Dot Loans, Moneyboat, Moneyline, Swift Sterling and Quidie, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides online brokerage for short-term loans to UK individuals.
|
|
| domain | founded_year | HQ Location |
Offers short-term loans from £200 to £1,500 with flexible repayment options.
|
|
| domain | founded_year | HQ Location |
Short-term loans are provided to UK customers by Moneyline.
|
|
| domain | founded_year | HQ Location |
Provides online brokerage for payday loans and financial services in the UK.
|
|
| domain | founded_year | HQ Location |
Provides direct lending for payday and installment loans.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Wonga
Frequently Asked Questions about Wonga
When was Wonga founded?
Wonga was founded in 2007.
Where is Wonga located?
Wonga is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Wonga a funded company?
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 B of $22.5M, raised on Jun 27, 2007.
How many employees does Wonga have?
As of Sep 30, 2016, the latest employee count at Wonga is 125.
What does Wonga do?
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.
Who are the top competitors of Wonga?
Wonga's top competitors include Moneyline, Dot Dot Loans and Moneyboat.
What products or services does Wonga offer?
Wonga offers Short-term Loan and Installment Loan.
How many acquisitions has Wonga made?
Wonga has made 1 acquisition, including BillPay.
Who are Wonga's investors?
Wonga has 9 investors. Key investors include Accel, Betfair Group, Dawn Capital, Balderton Capital, and Kruk.