Wonga is a digital finance company based in London. We launched our first website in 2007 and rapidly became one of the world's most innovative credit providers.
We’re shaking up the old world of high street banks and traditional lenders with a range of simple, transparent and flexible services, and we’re making them available not just in the UK, but in countries across Europe, in Canada and South Africa.
Our mission is to provide small loans that offer solutions to occasional and short term cash flow needs. We do this responsibly, using our fully automated and real-time risk technology, which processes thousands of pieces of data to make objective lending decisions.
We were the first company in the world to fully automate the lending process and if a loan application has been approved, money is sent within 5 minutes.
We are highly selective about who we help. Despite the fact we only lend to people we believe can comfortably repay their loan, meaning we decline around 80% of first loan applications, we have now provided millions of loans via the web and smartphones, while achieving low arrears rates and world-class customer satisfaction.
We are authorised and regulated by the Financial Conduct Authority, Interim Permission Number 611974, and we are a member of the Finance and Leasing Association. You can also read our code of practice, which spells out exactly how we operate and how consumers can be expect to be treated. We also comply with the FLA’s Lending Code and Good Practice Customer Charter.
Wonga offers consumers short term loans. We are completely transparent about our charges, so customers know exactly what they need to repay. We are serious about our commitment to responsible lending and put customers at the heart of what we do. So please read our code of practice for a guide to our operating principles.
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk