Tech Track 100

A Competition Commission inquiry into the short-term loans industry and recent comments by the Archbishop of Canterbury have put Wonga in the news. The firm’s credit assessment software has provided more than a million consumers and small businesses across three continents with short-term loans. Wonga was founded in 2006 by chief executive Errol Damelin, 44, and its turnover reached £309.3m in 2012.

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Company details
ActivityOnline money lender
LocationCentral London
Average 3 year sales growth155.15%
Latest sales £000s*309,290

If applicable:

* supplied by company † annualised figure