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
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Wdfc Uk Limited
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$158.27 M (USD)
in 4 rounds
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Latest Funding Round
$12.77 M (USD), Series C
Aug 13, 2018
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Investors
Accel
& 8 more
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Employee Count
125
as on Sep 30, 2016
- Investments & Acquisitions
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Acquired by
Kruk
(Apr 30, 2019)
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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.
People of Wonga
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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.
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 |
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Accel is recognized as a leading venture capital firm.
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Multistage venture capital investments are focused on technology sectors.
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Private equity investments are directed toward US-based companies.
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Investor details for Wonga
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Investments & Acquisitions by Wonga
Wonga has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BillPay.
Investment portfolio details for Wonga
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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A unified billing and payment service
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Locked | Locked | 2011 | Locked |
Complete acquisition details for Wonga
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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Financial Statements - Wonga
Detailed financials for Wonga
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Wonga Comparisons
Peer comparison for Wonga
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provides online brokerage for short-term loans to UK individuals.
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Offers short-term loans from £200 to £1,500 with flexible repayment options.
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Short-term loans are provided to UK customers by Moneyline.
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Provides online brokerage for payday loans and financial services in the UK.
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Provides direct lending for payday and installment loans.
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Detailed competitors of Wonga
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Latest news on 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.
As of Sep 30, 2016, the latest employee count at Wonga is 125.
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.