Our CEO and founder is taking part in the huge FinovateStartup event in the States this week. It’s basically a major gathering of entrepreneurs, analysts, journalists and investors who all turn up to hear about the hotest new companies – like Wonga!
After a six-month delay, it looks like fast cash transfers between bank accounts, known as Faster Payments (FP), should be available from the end of May. It’s the beginning of the end for the Bemuda Triangle of the banking world.
Woohoo! Our plans for a new take on short-term lending have been commended by business experts once more. The entrepreneurial gurus at Startups.co.uk have placed Wonga in their Startups 100 list for 2008… In the top 20 actually! At this rate our highly buffed trophy cabinet will be groaning with silverware before we’ve even decided where to hang it. Many thanks guys – we’re thrilled to be acknowledged as one of the most exciting new business in Blighty right now.
The new court ruling on banks and the whopping fees they charge for unauthorised overdrafts has been widely reported in the media this week. The final outcome is still not certain, but it has put the issue firmly back into the public eye.
The cost of plastic is getting steeper according to money advice site Fool.co.uk. Here’s an extract from an article this week…
What’s more, the rates charged by credit cards aren’t affected by base-rate cuts. Indeed, there’s a huge disconnect between credit-card interest rates and the base rate. Put simply, whatever happens to the base rate, credit-card issuers like to keep their interest rates high!
| Wow, we’ve done it! We’ve been named amongst the top 100 most exciting new tech companies in Europe by Red Herring! |
Although we’re yet to fully launch our service at Wonga.com, our existing innovation and whizzy technology is already attracting admirers in the business world. Everyone likes to receive the odd pat on the back but, if you’ll forgive a little crowing, our backs are positively tingling right now.
