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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The Wonga.com website just won in the international Interactive Medias Awards : ) Judges said "a v high standard of planning and execution"1 year ago |
Long ago
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29 October 2010
Wonga twittered 14 times, here's their latest:
The Wonga.com website just won in the international Interactive Medias Awards : ) Judges said "a v high standard of planning and execution" |
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21 July 2009
Haakon Overli joined the team. |
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 (6)
Team (6)
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Oren Greenberg
Pursuing BSc in Psychology through The Open University since 2005, Graduated in Arts from Metro-West High School (2002), Business Products Manager at Touch Local Ltd (2007-2009), Online Marketing Manager at Spacebar Media (2006-2007).
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John Moorwood
Wonga it
Followers (35)
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Louis Rix
Marketing Director at Netcars.com
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Tom Allason
London based serial entrepreneur: Founder & CEO Shutl + eCourier.co.uk. Passionate about using technology to disrupt markets.
Wonga named VC-backed Business of the Year AND Best Use of Technology at the UK's Fast Business Growth Awards this week - http://www.fgba.co.uk/2010_finalists.html.
Also nominated for an international Webby this week! Please vote for us - http://webby.aol.com/services/bankingbill_paying
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-...