Wonga.com

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.

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Company details
Year2012
Rank219
CompanyWonga.com
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
Staff131
Founded2006

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda