Wonga, a London, UK-based payday lender, reportedly raised £10m in funding.
Backers include Accel Partners and Balderton Capital.
According to news outlets, the “emergency” deal valued the company at only £23m.
Led by Tara Kneafsey, chief executive officer, Wonga provides unsecured loans for the everyday financial needs, especially for people who are not served by mainstream finance.
The company, which also sponsored Newcastle United, offers services in the UK, South Africa, Poland and Spain.
FinSMEs
13/08/2018