About Us

Our Story

Wonga is a ground-breaking online lender founded in the UK and serving you from our Canadian headquarters based in Toronto. We launched our first website in October 2007 and rapidly became one of the world’s most innovative credit businesses, providing millions of loans to consumers. Our mission is to solve people’s short-term and urgent cash flow problems with an equally short term and responsible solution.

Since 2011 we have been proud to be transforming the Canadian credit market by offering small, short-term loans online with more speed, convenience, and flexibility than banks and other websites. We remove the complexity and inflexibility consumers face whenever they need to borrow some cash in a hurry.

We’re different

Wonga is different from other online lenders because our sophisticated risk and decision technology mean 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, meetings with bank managers or hanging 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 amount they might not need, or pay interest for any longer than necessary.

Crypto loans
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We’re fast

Applicants simply decide how much they want to borrow, for how many days, and we calculate the total cost in real-time before they proceed. Once an application is approved, we can deposit cash in a bank account within one business day – and in as little as a few hours depending on the bank in question. Even collection is hassle-free, as we take a single repayment from the same account on the date agreed.

We’re responsible

Wonga offers short-term loans for up to 45 days 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 couple 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 landed or you’ve just remembered your wedding anniversary with hours to spare… Don’t worry, Wonga it!’

Changing the future

The remake of digital money is the simplest way to accurately describe cryptocurrencies. Although the young digital currencies have managed to gain great popularity and gain the trust of a large number of users, in the future its popularity will only grow. Let’s just remember how the email replaced standard mail in the business world?

And so cryptocurrencies are trying to change money and its transfers. The cornerstone of cryptocurrency philosophy is in the combination of the digital cryptographic security made by peer to peer network and a limited amount of available resources, such as in silver and gold.