# WDFC UK

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wdfc-uk

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.wonga.com
- Total disclosed funding: $147M
- Latest round: Series C (Feb 16, 2011)
- Investors on record: 8

## About

WDFC UK Limited is a financial services company specializing in online lending solutions, offering quick access to short-term and installment loans tailored for individual customers in urgent need of cash.Founded in 2007 and headquartered in London, UK, WDFC UK Limited focuses on providing accessible online lending options. The company has engaged in four funding rounds, with the most recent deal occurring on August 4, 2018, raising GBP 10 million from investors including Balderton Capital and Accel. The founder's previous ventures are not publicly disclosed.Wonga provides a variety of online lending products, primarily short-term loans known as 'chwilówki' and installment loans. Customers can apply for loans through Wonga's platform and receive funds in as little as five minutes, catering to various financial needs such as unexpected expenses or personal projects.For the most recent fiscal year in 2016, Wonga reported a revenue of GBP 65,394,805.10, with an EBITDA of GBP -64,863,591.70, indicating operational challenges during that period.WDFC UK Limited plans to utilize the GBP 10 million raised in August 2018 to enhance its product offerings and potentially expand into new geographic markets. Specific details on upcoming products or regions have not been disclosed, but the funding aims to support strategic initiatives for growth in the competitive online lending sector.

## Funding rounds

- Series C, Feb 16, 2011, $119M — Accel, Meritech Capital Partners, Oak Investment Partners, Wellcome Trust, Balderton Capital, Dawn Capital, The Accelerator Group, 83 North
- Series B, Jun 8, 2009, $22M — Accel, Balderton Capital, 83 North
- Series A, Jun 27, 2007, $6M — Balderton Capital

## Investors

- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A, Series B, Series C
- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C
- 83 North (https://capitalatlas.ai/funds/83-north) — Series B, Series C
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series C
- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series C
- Wellcome Trust — Series C
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series C
- The Accelerator Group — Series C