10 FinTechs to fail in the market after raising funding –...
As business application company Instabase is the latest FinTech company to join the unicorn list, it is good to look into and learn what caused other FinTechs to fail in their quest.
Wonga said to raise £10m to support paying off compensation claims
Payday lender Wonga has reportedly raised £10m in a new round of funding to help it fund compensation claims.
Klarna buys German payments firm BillPay from struggling Wonga
Swedish e-commerce payments firm Klarna is buying German payments player BillPay from UK payday lender Wonga. The price of the deal is reportedly around the £60m mark.
Wonga hires new CFO to steer turnaround
UK lender Wonga has hired Joanna Baker as its new CFO as the firm attempt to restructure in the face of stricter regulation.