About us

Wonga is a ground-breaking online lender based in London. We launched our first website in October 2007 and rapidly became one of the UK’s most innovative credit businesses. We're backed by major investors including Balderton Capital and our mission is to provide consumers with instant money whenever they need it - we call it cash on demand.

We are transforming the UK credit market by offering small, short term loans online with more speed, convenience and flexibility than banks, high street lenders and other websites. We remove the complexity and inflexibility consumers face whenever they need to borrow some cash in a hurry. We have a consumer credit licence from the Office of Fair Trading and are members of the Finance and Leasing Association.

Wonga: slang term for cash or money, used in the UK and especially in London (“A whole lotta wonga”). From the Romany word wanger (coal) - coal was sometimes used as a casual term for money in England in the 18th and 19th centuries.

 92% of our customers are satisfied with the service they receive

 93% of our customers think the service is easy to use

 76% of our customers recommend us to their friends

 75% of our customers say they frequently prefer to use Wonga over traditional, long-term sources of credit 

(Data from online customer survey, 2008)

We're different

Wonga is different from other online lenders because our sophisticated risk and decision engine means the application and approval process takes literally minutes. There’s no paperwork, meetings with bank managers or hanging on the phone – our entire service is online and real-time. We're also more flexible than other short-term lenders, allowing applicants to choose exactly how much cash they want to borrow and for how many days they need it. Our customers aren't forced to borrow a fixed sum they might not need, or pay interest for any longer than necessary. 

We're fast

Applicants simply decide how much they want to borrow, for how many days, and we calculate the interest and total cost in real-time before they proceed. Once an application is approved, we can deposit the money straight into a bank account within minutes. Even collection is hassle-free, as we take a single repayment from a debit card on the date agreed.

We're responsible

Wonga offers short term loans for up to 30 days and we make money when our customers repay us, not by continually extending a growing line of credit. We are serious about our commitment to responsible lending. 

Wonga moments

Everybody has the occasional ‘Wonga moment’ - those times in life where an urgent expense or purchase pops up from nowhere and takes you by surprise. You need some cash to tide you over for a few days or weeks and you need it fast. Whether if it’s the car that’s just conked out, an unexpected bill has landed or you’ve just remembered your wedding anniversary... Wonga it!