Wonga Spv1 Rf (pty) Ltd
- Company typePrivate
- Founded2019
- HeadquartersCape Town, South Africa
- Headcount—
- GTM typeB2C
- OfferingServices
Wonga Spv1 Rf (pty) Ltd firmographics
Firmographics- Name
- Wonga Spv1 Rf (pty) Ltd
- Legal name
- Wonga Online (Pty) Ltd
- Website
- https://wonga.co.za
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Ownership category
- akta.pro rank
Wonga Spv1 Rf (pty) Ltd industry classification
Industry- Product category
- Consumer Lending
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Small-Dollar Short-Term Installment Loans (Non-payday) (FSAKAMAI)
- akta.pro secondary industry
- Short-Term Loan Servicing & Collections (Payday/Title) (FSAKAMAO)
Keywords
Where Wonga Spv1 Rf (pty) Ltd is headquartered
LocationHeadquarters
- HQ city
- Cape Town
- HQ country
- South Africa
- HQ region
- Africa
Offices1 record
Markets served
Wonga Spv1 Rf (pty) Ltd business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Short-term loan interest and fees: Wonga earns revenue through interest charges and fees on short-term loans. New customers can borrow up to R5000 with 3-month repayment terms; existing customers can access up to R8000 with up to 6-month terms. Interest accrues over the loan period with installment payments.
- Credit life insurance: Optional credit life insurance product that covers the outstanding debt in cases of death, retrenchment, or disability, generating additional revenue per policy sold.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | New customer loans: up to R5000, 3-month repayment term |
| Transaction based/ take rate | Pay-as-you-go | Existing customer loans: up to R8000, 6-month repayment term |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Wonga Spv1 Rf (pty) Ltd product offering
Product offeringCore offering
Wonga is an online direct-to-consumer short-term lender in South Africa providing short-term payday loans and flexible personal installment loans to individual consumers. New customers can borrow up to R5,000 with 3-month repayment terms, while existing customers with good repayment history can access up to R8,000 over 6 months. Applications are completed online with loan decisions and cash disbursement in under 15 minutes for applications submitted before 5pm.
Product overview
Wonga is a South African short-term loan provider offering flexible, transparent personal lending solutions. The core offering consists of Short Term Loans and Quick Loans for immediate cash needs, supplemented by Personal Loans for broader financial management. The company also offers Credit Life Cover as an optional insurance add-on that protects borrowers against death, retrenchment, or disability. New customers can access loans up to R5,000 with 3-month repayment terms, while existing customers may qualify for up to R8,000 with extended 6-month repayment periods. The product suite emphasizes simplicity, transparency, and responsible lending practices.
Differentiator
Problem solved
Functional benefit
Products and services
- Short Term Loans
Companies that use Wonga Spv1 Rf (pty) Ltd
Customer profileSegments1 record
Ideal customer profiles1 record
Wonga Spv1 Rf (pty) Ltd technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Wonga Spv1 Rf (pty) Ltd partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights3 records
Wonga Spv1 Rf (pty) Ltd competitors and assessment
Company assessmentDirect peers
- Bayport Financial Services: South African personal loans and short-term credit provider serving similar mass-market consumers. Operates in the same NCR-regulated consumer credit space with comparable installment loan products.
- Capfin: South African short-term personal loan provider offering similar small-dollar installment loans to consumers. Direct competitor in the same product category, customer segment, and regulatory environment.
- Boodle: Online lender offering short-term personal loans to South African consumers through a digital application process. Closely comparable digital-first short-term lending model in the same regulatory environment.
- RCS Group: South African consumer finance provider offering personal loans, credit, and related products. Directly comparable business model targeting similar consumer cash-flow needs.
- Real People Group: South African microfinance institution providing short-term personal loans to underserved consumers. Comparable customer base and product set in the NCR-regulated short-term lending market.
Regional players
- Letshego Holdings: Pan-African consumer finance group offering short-term credit and personal loans across multiple African markets. Comparable product offering with broader geographic reach across the African continent.
Emerging players
- TymeBank: South African digital bank offering personal loans and credit products to mass-market consumers through digital channels. Comparable digital-first distribution model targeting similar underserved consumer segments.
Broad incumbents
- African Bank: Established South African retail bank offering personal loans, credit, and broader financial services. A larger incumbent providing overlapping installment loan products to a similar mass-market consumer segment.
- Discovery Bank: South African digital bank offering personal loans and credit facilities alongside a broader financial services portfolio. A larger incumbent with overlapping consumer credit offerings in the same regulatory market.
- Old Mutual Finance: South African personal loans provider and broader financial services group offering installment loans to consumers. Larger incumbent with comparable personal loan products and a more diversified product portfolio.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Wonga Spv1 Rf (pty) Ltd social profiles
Digital presenceWonga Spv1 Rf (pty) Ltd compliance and trust
Trust signalCompliance1 record
Wonga Spv1 Rf (pty) Ltd financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wonga Spv1 Rf (pty) Ltd leadership team
Management profileNumber of profiles
Wonga Spv1 Rf (pty) Ltd funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wonga Spv1 Rf (pty) Ltd M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wonga Spv1 Rf (pty) Ltd
What does Wonga Spv1 Rf (pty) Ltd do?
Wonga is an online direct-to-consumer short-term lender in South Africa providing short-term payday loans and flexible personal installment loans to individual consumers. New customers can borrow up to R5,000 with 3-month repayment terms, while existing customers with good repayment history can access up to R8,000 over 6 months. Applications are completed online with loan decisions and cash disbursement in under 15 minutes for applications submitted before 5pm.
Is Wonga Spv1 Rf (pty) Ltd a public or private company?
Wonga Spv1 Rf (pty) Ltd is a private company. It is classified as unknown and is currently operating.
When was Wonga Spv1 Rf (pty) Ltd founded?
Wonga Spv1 Rf (pty) Ltd was founded in 2019.
Where is Wonga Spv1 Rf (pty) Ltd based?
Wonga Spv1 Rf (pty) Ltd is headquartered in Cape Town, South Africa, in the Africa region.
How does Wonga Spv1 Rf (pty) Ltd make money?
Two revenue lines are on record. Short-term loan interest and fees are the primary driver. The others are credit life insurance.
Who are Wonga Spv1 Rf (pty) Ltd's main competitors?
Direct peers on record are Bayport Financial Services, Capfin, Boodle, RCS Group and Real People Group. Letshego Holdings is listed as a regional player. TymeBank is listed as an emerging player. Broad incumbents are African Bank, Discovery Bank and Old Mutual Finance.
Does Wonga Spv1 Rf (pty) Ltd have an API?
No public API is recorded for Wonga Spv1 Rf (pty) Ltd.
What industry is Wonga Spv1 Rf (pty) Ltd in?
Wonga Spv1 Rf (pty) Ltd's product category is Consumer Lending. Its primary akta.pro industry code is FSAKAMAI, Small-Dollar Short-Term Installment Loans (Non-payday), with a secondary code of FSAKAMAO, Short-Term Loan Servicing & Collections (Payday/Title). Its NAICS code is 522 and its SIC code is 6141.