Wonga
Wonga provides small, short-term cash advances to UK consumers online. The company uses sophisticated risk and decisioning technology to make automated yet responsible lending decisions.
| Startup type: | Company |
| Status: | Active |
| Stage: | Profitable |
| Publicity: | Open to speaking to journalists. |
| Industries: | Financial, Internet |
| Location: | London, GBR |
| Website: | https://www.wonga.com/ |
| More info: | CrunchBase |
OUR NEWS
Current status
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High street bank charges equate to an APR of more than two MILLION percent! Read out blog comments - http://bit.ly/2lWt3U3 days ago |
4 days ago
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06:59PM
Wonga twittered:
High street bank charges equate to an APR of more than two MILLION percent! Read out blog comments - http://bit.ly/2lWt3U |
1 week ago
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12 March 2010
wonga was featured in: |
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Increasing numbers of people are turning to payday lenders - who lend small amounts of money over short terms at astronomic rates of interest - to tide them over each month. [30-second guide: Payday loans]
The phrase 'payday loans' has ranked among the
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11 March 2010
Wonga twittered twice, here's their latest:
RT @smartahq Smarta 100 top tips ebook | Smarta http://is.gd/a407G |
3 weeks ago
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24 February 2010
Wonga twittered:
#Wonga.com launches its forum today - https://www.wonga.com/forum/ - please drop in when you get a moment |
1 month ago
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11 February 2010
Wonga twittered twice, here's their latest:
RT @chrismgallen: Having used them over Christmas, if you need a short term loan, i can't recommend http://bit.ly/55hwt enough - Thanks |
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03 February 2010
Oren Greenberg joined the team. |
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Product development manager. Google Adwords qualified. Experienced in the B2B & B2C online business space. Specialist online marketer comfortable with agile methodologies (scrum), Studying part time BSC in Psychology through The Open University.
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2 months ago
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16 January 2010
Wonga twittered twice, here's their latest:
There's a rumour going round that our TV character is Radio 1's Scott Mills... Make your own mind up - http://bit.ly/5ADeI9 |
3 months ago
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08 December 2009
Wonga says: Launched our first TV ad! http://www.wonga.com/money/tv/ |
4 months ago
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17 November 2009
Wonga twittered 4 times, here's their latest:
Nice customer note... You made it possible to travel down to Nottingham for a friend's wedding and with out you I was unable to make it : ) |
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16 November 2009
Wonga says: Wonga named Online Business of the Year at the UK's Startup Awards! |
ABOUT US
Wonga provides small, short-term cash advances to UK consumers online. The company uses sophisticated risk and decisioning technology to make automated yet responsible lending decisions.
Applicants can first determine the exact size and length of the cash advance required, using sliders on the Wonga home page, before submitting personal details online. Wonga offers cash deposits within minutes and loans are available up to £750, for between five and 30 days.
Wongas real-time and fully automated loan processing systems means more speed, convenience and flexibility than a typical online lender, or indeed any traditional form of credit.
The principle behind Wonga is that customers use the service on an occasional basis, in reaction to cash emergencies, rather than as an ongoing source of credit. In contrast to credit cards, traditional loans and bank overdrafts, the idea is that money is repaid quickly, thereby avoiding long-term debt.
The alternative for many consumers might be an unauthorised overdraft, which can incur significant bank charges, bounced cheques or a cash loan from friends or family.
The company’s technical innovation has been recognised by several award schemes such as Red Herring Europe 100 and the National Business Awards.
THINGS WE NEED
The Wonga team hasn't posted any needs yet.
COMMENTS (5)
Team (6)
View all-
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John Moorwood
Wonga it
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Oren Greenberg
Product development manager. Google Adwords qualified. Experienced in the B2B & B2C online business space. Specialist online marketer comfortable with agile methodologies (scrum), Studying part time BSC in Psychology through The Open University.
Just launched our first TV ad! http://www.wonga.com/money/tv/
Wonga seals $22m in funding! http://www.wonga.com/blog/2009/06/08/wonga-gets-the-wonga/
Keeping our fingers crossed for Thursday night - we're short listed for Responsible Lender of the Year and Credit Risk Team of the Year at the Credit Today Awards...
You can watch an interview with our founder on Smarta.com - http://www.smarta.com/inspiration/interview-videos/errol-...
The Wonga site has received an Outstanding Achievement Award in the financial services category of the IMA Awards