Wonga Lending
Wonga is an online payday lender that offers short-term personal cash loans to UK consumers.
Wonga is designed to meet people's real life financial needs. Our products help take the headaches out of day-to-day money management in a way that is responsible and which means people who are under-served by traditional lenders can stay more in control of their finances. Wonga is here to help people take positive decisions, and get on with their lives.
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Discussion
Fintastico Team
2 weeks, 3 days
https://www.crowdfundinsider.com/2019/04/146072...
CapitalRise Closes Seedrs Round After Securing More Than £2.2 Million in Funding
Less than a month after launching its equity crowdfunding campaign on Seedrs, property crowdfunding platform CapitalRise has closed the round with more than £2.2 million in funding. As previously reported, CapitalRise is on a mission of simplifying the process for borrowers to efficiently raise the capital
Fintastico Team
1 month
https://www.crowdfundinsider.com/2019/03/145577...
CapitalRise Update: Delivers Double Redemption at Average Return of 20.6% For Investors
Following the launch of its equity crowdfunding campaign on Seedrs, online property crowdfunding platform CapitalRise announced on Wednesday its latest two redeemed loans that have concluded within schedule and on target, delivering a total return of 20.6% on average for investors against prime properties located
Fintastico Team
1 month, 1 week
https://www.crowdfundinsider.com/2019/03/145242...
Property Crowdfunding Platform CapitalRise Seeks £1.5 Million on Seedrs, Easily Tops Initial Target
CapitalRise, a property crowdfunding platform, is raising growth capital on Seedrs. The just recently launched campaign has quickly topped its initial goal of raise £1.5 million for 8.57% equity in the company. Today, 307 individual investors have participated in the offer that has a pre-money
Fintastico Team
5 months, 2 weeks
http://news.google.com/news/url?sa=t&fd=R&ct2=u...
Fintastico Team
6 months, 1 week
https://www.pymnts.com/news/regulation/2018/won...
Post-Wonga, FCA Scrutinizes Payday Lenders | PYMNTS.com
Britain’s financial regulator has sent a warning to payday lenders after rising complaints following the collapse of Wonga. According to Reuters, the Financial Conduct Authority (FCA) sent a “Dear CEO” letter to providers of payday loans, requesting that they take a closer look to determine whether their creditworthiness assessments are compliant and whether borrowers need […]
Fintastico Team
6 months, 1 week
https://www.crowdfundinsider.com/2018/10/140114...
The FCA Rebukes PayDay Lenders in Dear CEO Letter
The UK Financial Conduct Authority (FCA) has sent a 'Dear CEO letter' to lenders of high-cost, short term credit, aka payday loans, admonishing these platforms for an increase in 'complaints about affordable lending.' The complaints also reference problematic 'chain of loans,' or stacking, that may
Fintastico Team
7 months
https://www.finextra.com/newsarticle/32689/pers...
Personal finance bot Cleo raises $10m
British AI-based personal finance chatbot Cleo is set to start offering its own financial products after raising $10 million in a Series A funding round led by Balderton Capital.
Fintastico Team
7 months
https://www.finextra.com/blogposting/15963/brea...
Breach of Trust
This month British Airways bosses are apologising to their customers for a ‘sophisticated, malicious...
Fintastico Team
7 months, 2 weeks
https://www.finextra.com/newsarticle/32633/gate...
Gates and Bezos back UK startup bidding to end payday poverty cycle
A week after Wonga went into administration, a Bill Gates and Jeff Bezos-backed UK startup has launched vowing to put an end to the payday poverty cycle by letting employees access their wages early.
Fintastico Team
7 months, 2 weeks
https://www.crowdfundinsider.com/2018/09/138727...
Wonga: A Post Mortem
Wonga enjoyed a meteoric rise to fame. The company achieved £300 million of revenue in 2012, just six years after it was founded. Managing growth of this nature is enormously challenging and one doesn’t need to look far to spot similar issues at other warp
Fintastico Team
7 months, 3 weeks
https://www.pymnts.com/news/alternative-financi...
Why Wonga Finally Called It Quits | PYMNTS.com
U.K. payday lending startup Wonga has come to the end of the road, having filed for administration (similar in concept to bankruptcy in the U.S.) in the closing days of last week. The firm has confirmed that it has appointed Grant Thornton as administrators who will handle the details for four of Wonga’s business units: […]
Fintastico Team
7 months, 3 weeks
https://www.pymnts.com/news/international/2018/...
Complaints Shut Down UK Payday Lender Wonga | PYMNTS.com
The U.K.’s largest payday lender is shutting down after a surge in complaints from former customers. According to Financial Times, Wonga confirmed on Thursday (Aug. 30) that its board had decided to shut down, appointing Grant Thornton as administrator. The news isn’t a complete surprise. This week, the company stopped accepting new loan applications, and also […]
Fintastico Team
7 months, 3 weeks
https://www.finextra.com/newsarticle/32591/wong...
Wonga enters administration
British payday lender Wonga has collapsed into administration, overwhelmed by a surge in customer compensation claims.
Fintastico Team
7 months, 3 weeks
https://www.crowdfundinsider.com/2018/08/138491...
Online PayDay Lender Wonga Goes Into Administration
UK online lender Wonga has entered into the process of administration. According to a note provided by the Financial Conduct Authority, Wonga and its affiliates have decided to pursue bankruptcy proceedings and have enlisted the assistance of Grant Thornton whois in the process of being appointed
Fintastico Team
7 months, 3 weeks
https://www.finextra.com/newsarticle/32591/stru...
Struggling Wonga stops offering new loans
As it nears collapse, British payday lender Wonga has stopped accepting new loan applications and held emergency talks with the Financial Conduct Authority.
Fintastico Team
8 months, 2 weeks
https://www.pymnts.com/news/investment-tracker/...