Company Growth (employees)
Wonga was founded in 2007 and is headquartered in London, GB
Wonga Office Locations
Wonga has offices in London and Dublin
London, GB (HQ)
88 Crawford Street
Wonga Data and Metrics
Summary Metrics
Founding Date | 2007 |
Total Funding | $145.6 m |
Latest funding size | $117.3 m |
Time since last funding | over 6 years |
Investors | Dawn Capital, 83North, Meritech Capital Partners, Wellcome Trust, Localglobe, Accel Partners, Oak Investment Partners, Balderton Capital, HV Holtzbrinck Ventures |
Wonga's latest funding round in February 2011 was reported to be $117.3 m. In total, Wonga has raised $145.6 m
Wonga Financial Metrics
Wonga's revenue was reported to be £51.7 m in FY, 2015 which is a 70% decrease from the previous period.
GBP
Revenue (FY, 2015) | 51.7 m |
Revenue growth (FY, 2014 - FY, 2015), % | (70%) |
Gross profit (FY, 2015) | 2.9 m |
Gross profit margin (FY, 2015), % | 6% |
Net income (FY, 2015) | (76.5 m) |
Cash (31-Dec-2015) | 43 m |
| GBP | FY, 2013 | FY, 2014 | FY, 2015 |
|---|---|---|---|
Revenue | 290.2 m | 170.2 m | 51.7 m |
Revenue growth, % | (41%) | (70%) | |
Cost of goods sold | 277 m | 171.2 m | 48.8 m |
Gross profit | 13.2 m | (1 m) | 2.9 m |
Gross profit Margin, % | 5% | (1%) | 6% |
Operating expense total | 16.6 m | 13.6 m | 45.4 m |
Pre tax profit | 39.7 m | (38.1 m) | (80.2 m) |
Net Income | 30.6 m | (43.6 m) | (76.5 m) |
| GBP | FY, 2013 | FY, 2014 | FY, 2015 |
|---|---|---|---|
Cash | 109.2 m | 124.8 m | 43 m |
Accounts Receivable | 109.8 m | 43.4 m | 41.1 m |
Current Assets | 229.2 m | 187.3 m | 114.9 m |
PP&E | 12 m | 14 m | 11.4 m |
Goodwill | 28 m | 12.7 m | 10.9 m |
Total Assets | 269.1 m | 214 m | 137.3 m |
Accounts Payable | 19.7 m | 15.5 m | 30.3 m |
Current Liabilities | 62.9 m | 49 m | 51.6 m |
Total Liabilities | 64.9 m | 50.7 m | 53.1 m |
Retained Earnings | 30.6 m | (43.6 m) | (76.5 m) |
Total Equity | 204.2 m | 163.3 m | 84.1 m |
Financial Leverage | 1.3 x | 1.3 x | 1.6 x |
| GBP | FY, 2013 | FY, 2014 | FY, 2015 |
|---|---|---|---|
Cash From Operating Activities | 49.6 m | 41.4 m | (81.8 m) |
Cash From Financing Activities | (30.5 m) | (3.4 m) | (10 k) |
Income Taxes Paid | (9.1 m) | (5.5 m) | 3.7 m |
| GBP | Y, 2015 |
|---|---|
Revenue/Employee | 100.7 k |
Financial Leverage | 1.6 x |
Market Position of Wonga
Traffic Overview of Wonga
Wonga Online and Social Media Presence
Wonga News and Updates
April 26, 2017
Will Wonga pay a price for its customer data breach?
Over the last few years a number of high-profile brands have seen their customers’ data compromised – as the result of a deliberate hack or because of inadequate security procedures. The latest brand to suffer is Wonga. Earlier this month the payday loan provider suffered a data breach and warned…
April 10, 2017
Payday lender Wonga hacked, 270,000 customers’ data stolen
Another day, another security breach. UK-based payday loan lender Wonga said in a statement on Sunday that its network had been hacked, leading to the theft of 270,000 customers’ private data (including 245,000 in the UK and 25,000 in Poland). The information stolen includes names, addresses, phone …
April 10, 2017
Pay day loan firm Wonga suffers data breach affecting up to 270,000
Payday loan firm Wonga has suffered a data breach affecting up to 245,000 customers in the UK. A further 25,000 customers in Poland may also be affected, according to the BBC. Read More
April 09, 2017
All going wronga at Wonga: Data of 270,000 customers stolen in cyber attack
Personal details of 245,000 UK customers of payday lender Wonga may have been stolen in a data breach discovered last week. City A.M. understands that information including name, email address, home address, phone number, bank account number and sort code may have been stolen. The data breach als…
March 02, 2017
Why the P2P firms of the future should look to Wonga
Is payday lender Wonga the only alternative finance business that actually addressed credit demand among poor people? A regulatory crackdown on the industry has pushed the most disadvantaged in this country towards hire purchase firms, where they “buy” something on credit, sell it on almost immed…
February 21, 2017
How the founder of 'legal loan shark' Wonga made a comeback as London's fintech messiah
Short-term, high-interest lender Wonga was one of Britain's most controversial and fastest-growing businesses.
The government forced it to write off hundreds of millions of pounds in loans in 2014 and Wonga's CEO and founder left the business.
While the business has flound…