Wonga

Wonga is a ground-breaking online lender operating in the UK. By offering small, short-term cash advances, we provide consumers with instant money whenever they need it – 24 hours a day, 365 day a year. We call it cash on demand.

Our product is simple - It takes only minutes to complete the online application and we make an instant decision thanks to our sophisticated risk technology, assessing hundreds of pieces of data in seconds. If accepted, our customers then receive up to £750 into their bank account within minutes!

Unlike plastic or bank overdrafts, Wonga doesn’t encourage people to get into long-term debt. That may sound funny coming from a lender, but we provide short-term loans to tide people over for up to 30 days. We actually want our customers to repay their loans quickly – early repayment is free!

We are backed by major investors including Balderton Capital (formerly Benchmark Capital). We have a consumer credit licence from the Office of Fair Trading (OFT) and are members of the Finance and Leasing Association (fla.org.uk). We’re delighted to have been named a 2008 winner of Red Herring 100 EMEA, an award given to the top 100 private technology companies based in Europe, Middle East and Africa. Startups.co.uk has also recently announced we’re in the top 20 companies in their Startups 100 list.

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