about us

Wonga was founded in London by two South Africans who wanted to the turn the credit market upside down. They spent three years perfecting the service in the UK, building it into one of the most innovative credit businesses around. Now they feel it is good enough to help customers in other regions, so it is only natural for them to want to bring it home to Mzansi. It is Wonga’s mission to solve people's short term and urgent cash flow problems with an equally short term and responsible solution.

Wonga plans to transform the South African credit market by offering small, short term loans online with more speed, convenience and flexibility than banks, traditional lenders and other websites. We remove the complexity and inflexibility consumers face whenever they need to borrow some cash in a hurry. We are a registered Credit Provider and are regulated by the National Credit Act.


Wonga offers flexible personal loans online

  • 99% of our customers would recommend Wonga to their friends or family
  • 98% of customers found our service easy to use
  • 97% say they would use Wonga again if they needed another loan
  • 90% say using Wonga is either much better or better than using other credit providers

(Data from online Wonga SA customer survey conducted in June 2013, over 12000 respondents)



We're different

Wonga is different from other online lenders because our sophisticated risk and decision technology means the application and approval process takes literally minutes. We are the first company in the world to fully automate the lending process and we are able to make completely objective and responsible decisions around the clock. There's no paperwork, no need to meet with a bank manager and no sitting for hours on hold on the phone – our entire service is online and real-time. We are also uniquely flexible, allowing applicants to choose exactly how much cash they want to borrow and for how many days they need it. Our customers aren't forced to borrow a fixed sum they might not need, or pay interest for any longer than necessary.

We're fast

Applicants simply decide how much they want to borrow, for how many days, and we calculate the interest and total cost in real-time before they proceed. Once an application is approved, the money leaves our account in minutes and begins to make its way to a customer's bank account. Even collection is hassle-free, as we take a single repayment from a customer's bank account on the date agreed.

We're responsible

Wonga offers short term loans for up to a month and we make money when our customers repay us quickly, not by continually extending a growing line of credit. We are serious about our commitment to responsible lending.

Wonga moments

In an ideal world no-one would need to borrow money but, in reality, everybody has the occasional Wonga moment - those times in life where an urgent expense or purchase pops up from nowhere and at a really bad time. You need some cash to tide you over for a few days or weeks and you need it fast. We believe it's best to sort out short term cash flow problems with a short term solution. So whether it's the car that's just conked out, an urgent bill has just arrived or you've just remembered your wedding anniversary with hours to spare... Don't worry, Wonga it!


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