Wonga, the fastest personal loan you can get
It’s a week until payday at your job, the rent and bills are due, and you don’t have the cash. What do you do? Wonga, which has just raised $6 million from Balderton Capital, wants you to come to them .
Based in the UK, Wonga has yet to launch. But when it does, it will offer nearly instantaneous loans ranging from £200-1000 (about $400-2000). The time between application and deposit is around 20 minutes, which… Continue Reading
Zopa raises $12.9M more to expand online lending marketplace
Zopa, an online marketplace where people meet to lend and borrow money for a fee, said it has raised $12.9 million to help it expand in the U.S, where if faces competition from Prosper.
The company said it appointed a new chief executive, Douglas H. Dolton, formerly CEO of Chela Education Financing.
The financing was led by Bessemer Venture Partners, an existing investor. Benchmark Capital and Wellington Partners also invested in the latest round. Benchmark has also… Continue Reading