Wonga

Wonga (Closed)

  • FOUNDING YEAR: 2007
    LOCATION:
    United Kingdom
    REGION:
    England
    Last Update:
    19 Dec, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Online lending platform for short term loan. It helps people manage their short term cash flow."
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Onlian retail borrowers
COMMENT
Wonga product features of a new marketing campaign in its latest step to ensure that all lending is conducted responsibly and transparently, delivering the best outcomes for customers.

PEOPLE

FOUNDERS:
Errol Damelin, Jonty Hurwitz
Board Members and Advisors:
Laurel Bowden, Josh Bell, Paul Madera, Jason Goodman, Glyn Britton, Meyer Malka
NUMBER OF EMPLOYEES:
501-1000
INVESTORS:
Meritech Capital Partners, Wellcome Trust, Accel Partners, Balderton Capital, Dawn Capital, Greylock Partners, Oak Investment Partners, Betfair Group, Holtzbrinck Ventures, Kreos Capital, LocalGlobe, 83North

TRACTION

VALUATION / MARKET CAP:
$1.47 Billions in 2015
TRANSACTIONS VALUE:
$893 MM
ACTIVE USERS:
0.0030
COMMENT:
The company says it is agreed to write off the loans of 330,000 customers. (Aug. 2018)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$158.55 Millions
DATE OF LAST FUNDING:
Aug 2018
SEED CLOSED ON:
Jan 2006
FUNDING SERIES:
SERIES A
$6 Millions Closed: May 2007
SERIES B
$22.25 Millions Closed: Jun 2009
SERIES C
$117.3 Millions Closed: Feb 2011
Others
$13 Millions Closed: Aug 2018
LISTED:
NO

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