Wonga's recent collapse into administration was precipitated by some grave warning signs over its business practices. In this blog, we look at the lender's rise and fall.
Backed by formidable VC firepower and bolstered by a successful marketing and PR campaign, Wonga CEO Errol Damelin is determined to dominate the UK’s short-term lending market and be a force for good.
Short-term online lender Wonga has raised £73 million in its latest financing round, attracting American firm Oak Investment Partners to back the London-based business after recent strong growth.
