Top Track 250

Online lender Wonga has expanded into South Africa and is now offering small business loans in Britain. Founded in 2006 by chief executive Errol Damelin, the business has hit back at concerns over its interest charges, saying that it is completely transparent and that 80% of users would recommend it. Sales, which consist of interest and fees, increased 150% in 2011.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
ActivityOnline money lender
LocationCentral London
Sales £m*184.7
Operating profit £m*63.4
Main shareholdersInvestors including Accel Partners, Balderton Capital, Dawn Capital, Greylock Partners

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda