Wonga
Wonga is a UK-based online money lending company that charges customers an eye-watering 4214 per cent for short term payday loans. It describes itself as a "digital finance company" and as "one of the world's most innovative credit providers".
Contents
Activities
Wonga launched its first website in 2007. It was "recently named the number one company in the Sunday Times Tech Track 100, which lists the UK's fastest growing technology companies, alongside a host of other award-wins for our fresh approach to finance. We are shaking up the old world of high street banks and traditional lenders with a range of simple, transparent and flexible services which are currently available in the UK and South Africa". [1]
Revolving door
In October 2012 David Cameron's adviser on digital strategy, Jonathan Luff, gave notice to quit his Downing Street role to become a lobbyist for Wonga. Luff has been given clearance to begin work immediately for the company, raising fresh concerns about the 'revolving door' between government and big business.[2]
People
Lobbying firms
The register of the Association of Political Consultants shows that Wonga.com retained Heathcroft Communications in 2011 [3]
Affiliations
Contact
- Website: https://www.wonga.com/
Resources
Notes
- ↑ About Wonga, Wonga website, undated, acc 12 November 2012
- ↑ Adam Sherwin, 'David Cameron adviser Jonathan Luff quits to join payday lender Wonga as lobbyist', The Independent, 31 October 2012.
- ↑ APPC Register Entry for 1 March 2011 to 31 May 2011
