Update: That’s it for Wonga’s UK business. The beleaguered payday loans company has just confirmed it’s gone into administration. Although it says its overseas businesses are contin
Xiaomi has continued its investment in India after it led a $13.4 million round for fintech startup ZestMoney. The newly-public Chinese firm previously said it would invest up to $1 billion in India
If you were at Disrupt London four years ago you may remember more than a little awkwardness during an investor panel when two VCs that had invested in European payday loans firm Wonga declined to c
Payday loan firm Wonga has suffered a data breach affecting up to 245,000 customers in the U.K. A further 25,000 customers in Poland may also be affected, according to the BBC.
Some chopping and changing is afoot in the world of payments in Europe. Today, Klarna, the startup out of Sweden that works with online merchants to enable flexible payment options, confirmed that it
More unravelling for Wonga, the UK-based online lender that last year had to write down £220 million ($340 million) in unpaid loans. The company announced today that it would lay off 325 staff, and
Strict new price caps will come into force in the U.K.'s payday loans market in January, sector regulator the Financial Conduct Authority (FCA) has confirmed, affecting any U.K. businesses that offer
A panel of Europe's top investors has publicly declined to comment on what went wrong at payday loans company Wonga, in the wake of a £220 million write down earlier this month. The investors were ta
TechCrunch asked Wonga’s investors to comment on whether they thought the payday loan company had acted responsibly -- given the scale of the failures identified by the FCA, and the evident inadequa
Payday loans startup Wonga has agreed to entirely write off the debts of 330,000 customers after the UK regulator found its affordability checks were inadequate.
Wonga's unescapable TV advertising campaign, featuring cute 'elderly' puppets, carries the company slogan "<a target="_blank" href="https://www.youtube.com/user/wonga">straight-talking money</a>". But
<a target="_blank" href="http://www.wonga.com">Wonga</a> is a UK-based startup best known for its online payday loan services, but today the company made a move that could see it not only extending ac
<a href="http://Wonga.com">Wonga.com</a>, the successful but controversial payday loans provider, is extending its credit service to small businesses in the UK. The move is a smart one given the curre
The nominations have been tabulated and the votes are in. Over 300,000 nominations were calculated across 20 categories. Along with our partners <a href="http://gigaom.com/" target="_blank">GigaOm</a>
Silicon Valley is famously, and rightly, proud of its place as the spiritual home for startups. And it has an inspiring and awesome track record that’s tough to beat. However, as the recent <a hr
Where will the next billion-dollar startups come from? The tech world and most VCs tend to be parochial, looking at Silicon Valley, maybe New York, and a few other hot markets like <a href="https://b