Wonga

OverviewSuggest Edit

Wonga is an international finance company using technology to meet customers’ financial needs in a transparent, convenient and responsible way. The Company utilizes fully automated risk processing technology to provide short-term, unsecured personal loans online, including via tablet and mobile app.

TypePrivate
Founded2007
HQManchester, GBMap
Websitewonga.com
Employee Ratings3.7More

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Latest Updates

Employees (est.) (Sept 2021)193(+2%)
Revenue (FY, 2016)£76.7 M(+18%)
Cybersecurity ratingBMore

Key People/Management at Wonga

Andy Haste

Andy Haste

Group Chairman
Tara Kneafsey

Tara Kneafsey

Group CEO
Tarah Lourens

Tarah Lourens

Group CTO
Tommy Jordan

Tommy Jordan

Uk CEO
Brett van Aswegen

Brett van Aswegen

CEO - Wonga South Africa
Marcin Borowiecki

Marcin Borowiecki

CEO - Wonga Poland
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Wonga Office Locations

Wonga has offices in Manchester and Greater London
Manchester, GB (HQ)
4 Hardman Square, Gartside St
Greater London, GB
88 Crawford St
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Wonga Financials and Metrics

Summary Metrics

Founding Date

2007

Wonga total Funding

$158.6 m

Wonga latest funding size

$13 m

Time since last funding

3 years ago

Wonga investors

Accel Partners, Meritech Capital Partners, Balderton Capital, Oak Investment Partners, Dawn Capital, Wellcome Trust, 83North, HV Holtzbrinck Ventures, Accel, Localglobe
Wonga's latest funding round in August 2018 was reported to be $13 m. In total, Wonga has raised $158.6 m
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Wonga Revenue

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Wonga's revenue was reported to be £76.69 m in FY, 2016 which is a 17.7% increase from the previous period.
GBP

Revenue (FY, 2016)

76.7m

Revenue growth (FY, 2015 - FY, 2016), %

17.7%

Gross profit (FY, 2016)

47.0m

Gross profit margin (FY, 2016), %

61.2%

Net income (FY, 2016)

(67.2m)

EBITDA (FY, 2016)

(59.6m)

EBIT (FY, 2016)

(64.1m)

Cash (31-Dec-2016)

22.2m
GBPFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

18.6m56.9m184.7m309.3m314.7m217.2m65.2m76.7m

Revenue growth, %

206%225%67%2%(31%)(70%)18%

Cost of goods sold

11.9m20.9m74.9m139.4m141.2m104.3m27.4m29.7m

Gross profit

6.7m36.1m109.7m169.9m173.5m112.9m37.7m47.0m
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GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.7m3.0m10.8m61.2m64.6m105.8m109.2m124.8m36.2m22.2m

Accounts Receivable

810.1k3.0m6.1m31.7m69.3m100.4m109.8m43.4m25.0m37.0m

Current Assets

2.6m6.0m17.1m93.8m135.0m212.3m229.2m187.3m120.3m113.4m

PP&E

32.5k169.5k213.7k279.0k1.1m1.8m6.0m9.1m5.3m2.5m
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GBPFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2.5m12.4m45.8m62.6m30.6m(43.6m)(77.6m)(67.2m)

Cash From Operating Activities

(4.1m)(2.4m)16.5m45.5m49.6m41.4m(81.8m)(30.7m)

Cash From Financing Activities

15.2m54.0m(9.6m)4.7m(30.5m)(3.4m)(10.0k)24.5m

Net Change in Cash

10.5m50.5m3.4m41.1m5.5m15.5m(81.8m)(8.7m)
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GBPFY, 2007

Financial Leverage

1.3 x
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Wonga Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

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Wonga Online and Social Media Presence

Wonga's Trends

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Wonga News and Updates

December 05, 2018

Monzo is 'absolutely not' the next Wonga, says founder

Monzo is “absolutely not” going to be the next Wonga, its founder has said, amid speculation the digital bank was planning to move into the high-cost loan space. Tom Blomfield, whose up-and-coming challenger bank this morning completed a landmark £20m crowdfunding round powered by its own custome…
September 11, 2018

British payday lender CashEuroNet UK racks up more complaints than Wonga

Complaints about British payday lender CashEuroNet UK shot up by more than 200 percent in the first half of this year - more than double the rate that drove rival Wonga into administration, data published on Wednesday showed. Wonga, Britain's most well-known lender offering short-term, high in…
August 31, 2018

Wonga collapse leaves Britain's other payday lenders in firing line

The collapse of Britain's biggest payday lender Wonga is likely to turn up the heat on its rivals amid a surge in grievances by customers and calls by some politicians for tighter regulation.
August 30, 2018

Struggling Wonga stops offering new loans

As it nears collapse, British payday lender Wonga has stopped accepting new loan applications and he...
August 30, 2018

Wonga enters administration

British payday lender Wonga has collapsed into administration, overwhelmed by a surge in customer co...
August 30, 2018

Cash-strapped Wonga has stopped accepting new loans

UK payday loans firm Wonga, whose investors include high profile European VC firms Accel and Balderton, appears to be teetering on the brink of collapse as it’s stopped taking new loans. A spokeswoman for the company confirmed to TechCrunch it is not accepting new loan applications. She sent us the …
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 Wonga Frequently Asked Questions

  • When was Wonga founded?

    Wonga was founded in 2007.

  • Who are Wonga key executives?

    Wonga's key executives are Andy Haste, Tara Kneafsey and Tarah Lourens.

  • How many employees does Wonga have?

    Wonga has 193 employees.

  • What is Wonga revenue?

    Latest Wonga annual revenue is £76.7 m.

  • What is Wonga revenue per employee?

    Latest Wonga revenue per employee is £397.3 k.

  • Who are Wonga competitors?

    Competitors of Wonga include Starling Bank, Arroweye Solutions and Paymentsense.

  • Where is Wonga headquarters?

    Wonga headquarters is located at 4 Hardman Square, Gartside St, Manchester.

  • Where are Wonga offices?

    Wonga has offices in Manchester and Greater London.

  • How many offices does Wonga have?

    Wonga has 2 offices.