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Wonga went into administration, buckling beneath the fat of settlement claims from clients

Wonga went into administration, buckling beneath the fat of settlement claims from clients

Regulatory breaches can change an otherwise deal that is attractive. Wonga’s demise previously this current year is a stark reminder of exactly exactly exactly how specialist that is important research on personal equity and capital raising discounts could be.

Throughout the summer time, pay day loans provider Wonga went into management, buckling beneath the weight of settlement claims from clients and regulatory pressures on its business structure. Until its demise, Wonga had raised over ВЈ100 million in investment capital capital from an amount of well understood investment capital homes, lots of whom got burned as an effect. Leggi tutto