Latest Wonga News: Finextra Research

Klarna agrees £60 million deal to acquire Wonga's BillPay

Fast-growing Swedish payments startup Klarna has acquired Germany's BillPay, a Berlin-based consumer financing outfit owned by UK payday lender Wonga.

06 February 2017

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Wonga acquires German online payments firm BillPay

Payday loan outfit Wonga is moving into the online payments market with the acquisition of BillPay, dubbed the PayPal of Germany.

18 October 2013

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Wonga takes on credit cards with e-finance loans

Payday lender Wonga is to expand its business into longer-term financing for online retail purchases.

17 December 2012

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OFT warns payday lenders as Wonga apologises to MP over Twitter abuse

As the UK's Office of Fair Trading (OFT) writes to payday lenders warning them over their conduct, the industry's most notorious practitioner, Wonga, has been forced to apologise to its fiercest critic, MP Stella Creasy, for a savage, anonymous Twitter attack.

22 November 2012

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After fierce protest, Wonga withdraws student loans information

Controversial payday loan outfit Wonga has bowed to pressure from student groups and consumer campaigners and removed inducements aimed at undergraduates from its Web site following a storm of criticism over its tactics in targeting debt-laden students.

12 January 2012

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Wonga secures £73 million funding

London-based online credit outfit Wonga has completed a £73 million funding round led by US venture capitalist Oak Investment Partners.

17 February 2011

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Wonga turns iPhone into 'virtual cash machine'

London-based online credit start-up Wonga has launched a mobile app that offers instant short-term loans over the iPhone to approved applicants.

20 January 2010

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Online lender Wonga.com secures $22m financing round

Wonga.com, an online provider of short-term cash advances launched last year, has completed a new round of funding led by Accel Partners and Greylock Partners. The $22.25m round was also supported by existing investor Balderton Capital.

08 June 2009

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