15 years ago

Wonga Secures £73 Million Series C Funding for UK Expansion

  • Wonga, a London-based short loans startup, has secured £73 million in Series C funding led by Oak Investment Partners

  • The funding will be used to expand Wonga's operations within the UK

  • Wonga provides small, short-term cash advances to consumers online using sophisticated risk technology for automated lending decisions.

      • ProblemFinancial Services

      "many people struggle to get small loans or cash advances quickly and easily"

      Solution

      "Wonga provides small, short-term cash advances to consumers online using sophisticated risk technology to make automated, yet responsible, lending decisions"

      Covered on