When was Wonga founded?

Wonga was founded in 2007 and raised its 1st funding round within a year of its incorporation.

Where is Wonga located?

Wonga is headquartered in London, United Kingdom.

Who is the current CEO of Wonga?

Errol Damelin and Brett van Aswegen s of Wonga. Errol Damelin has also founded 1 company and is angel investors in 18 startups, including NAAMA Studios and Dust Road Ventures.

How many employees does Wonga have?

As of Mar 31, 2026, the latest employee count at Wonga is 180.

Is Wonga a funded company?

Wonga is a funded company, having raised a total of $158M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 27, 2007.

How much is Wonga worth?

The last known valuation of Wonga was $***** as of Apr 30, 2019.

When was the latest funding round of Wonga?

Wonga's latest funding was a $***** Series C round on Aug 13, 2018, with participation from 2 investors. Its primary sector is Digital Lending. In United Kingdom, the Digital Lending sector has seen $1.37B in funding in 2026 to date.

What is the annual revenue of Wonga?

Annual revenue of Wonga is between £10M and £50M as on Dec 31, 2016

Where does Wonga rank among its competitors?

Wonga ranks 1st amongst 4 active competitors, none of which are funded.

Who are the top competitors of Wonga?

Wonga's top competitors include Lendoe, Lending Stream and Home Credit. Among them, Wonga secured the most recent funding round in August, 2018.

Wonga - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Wonga an acquired company?

Wonga got acquired by Kruk on Apr 30, 2019.

Company Details

Provider of short-term and installment loans via an online platform. The platform offers options for both short-term financial needs and longer repayment schedules. Loan applicants must meet specific criteria, including age, citizenship, and banking requirements. The platform requires identity verification through bank account validation.

Website: wonga.com
Social
Email ID: *****@wonga.com
Phone Number: +44 **********

Key Metrics

Founded Year

2007

Location

London, United Kingdom

Stage

Acquired

Total Funding

$158M in 4 rounds

Latest Funding Round

Series C, Aug 13, 2018, $*****

Last Known Valuation

$***** as on Apr 30, 2019

Investors

Meritech & 12 more

Ranked

1^st among 4 active competitors

Annual Revenue

£10M - £50M as on Dec 31, 2016

Employee Count

180 as on Mar 31, 2026

Investment & Acquisitions

Folkefinans & 2 more

Similar Companies

Brigit & 139 more

Exit Details

Acquired by Kruk (Apr 30, 2019)

View Wonga's full profile

Wonga is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
WDFC UK LIMITED CIN: 6374235 , Germany, Active	Sep 17, 2007	£10M - £50M (As on Dec 31, 2016)	113 (As on Jan 31, 2015)

Wonga got acquired by Kruk on Apr 30, 2019 at an acquisition amount of $*****.

Click here to take a look at Wonga's acquisition in detail

Wonga has raised a total funding of $158M over 4 rounds. Its first funding round was on Jun 27, 2007. Its latest funding round was a Series C round on Aug 13, 2018 for $*****. 2 investors participated in its latest round. Wonga has 13 institutional investors.

Here is the list of recent funding rounds of Wonga:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 13, 2018	9241736	Series C	5586523	5169152	2094909	4559473
Feb 16, 2011	3128156	Series C	6264301	5184507	3281199	Meritech & 6 more
Jun 08, 2009	9456655	Series B	1957409	4444913	6211043	Accel & 2 more

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View details of Wonga's funding rounds and investors

The founders of Wonga are Errol Damelin and Jonty Hurwitz.

Here are the details of Wonga's key team members:

Errol Damelin: Former Co-Founder&CEO of Wonga and founder of 3 other companies, NAAMA Studios, Dust Road Ventures and Paylater. They are also an angel investor in 18 startups and serve on the board of 1 company.
Contact Info: 1 email address
Jonty Hurwitz: Former Co-Founder of Wonga and founder of 1 other company.
Brett van Aswegen: CEO of Wonga.

View details of Wonga's Founder profiles and Board Members

Wonga's employee count trend

Wonga has 180 employees as of Mar 26. Here is Wonga's employee count trend over the years:

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Top competitors of Wonga include Lendoe, Lending Stream and Home Credit. Here is the list of Top 10 competitors of Wonga, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wonga 2007, London (United Kingdom), Acquired	Provider of short-term and installment loans via an online platform	$158M	Meritech, Kreos Capital & 11 others	59/100
2nd	Lendoe 2017, London (United Kingdom), Unfunded	Online lending platform for entrepreneurs	-	-	23/100
3rd	Lending Stream 2008, Edgware (United Kingdom), Funding Raised	Payday loan cash advances.	-	Fair Value Capital	22/100
4th	Home Credit Sherborne (United Kingdom), Unfunded	Home Credit Ltd \| Fair, human loans reviewed by real people	-	-	16/100