Latest Wonga News: Finextra Research

Wonga enters administration

British payday lender Wonga has collapsed into administration, overwhelmed by a surge in customer compensation claims.

30 August 2018

Payday loan firm hit by data breach

Wonga, a prominent UK payday loan firm, has warned 270,000 of its customers that their accounts may be at risk following a data breach.

10 April 2017

/retail

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

/retail

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

/retail

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

/retail

Wonga in talks to buy US small biz lender - Bloomberg

British payday lender Wonga is in talks to buy On Deck Capital, a US provider of loans to small businesses, for up to $250 million, according to Bloomberg.

30 November 2012

/regulation

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

/retail

Wonga ponders £1bn US float

British payday lender Wonga is looking across the pond at a possible £1 billion floatation on a US stock exchange, according to the Telegraph.

06 June 2012

/retail

Wonga starts lending to businesses

Controversial payday lender Wonga has set its sights on small businesses, promising to use its automated, real-time decision technology to get cash to firms within 15 minutes.

08 May 2012

/retail

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