Loan Professional Wonga Buys BillPay, The PayPal Of Germany, To Maneuver Deeper Into Payments

Loan Professional Wonga Buys BillPay, The PayPal Of Germany, To Maneuver Deeper Into Payments

Wonga is really A uk-based startup most readily useful recognized for the pay day loan services, but today the business produced move which could maybe notice it not just expanding across with other areas in European countries but additionally into other solutions like re re payments: the business today is announcing the purchase of BillPay, referred to as “PayPal of Germany”. This might be just one more exit that is major Rocket Web, which incubated and backed BillPay.

Other backers included Holzbrinck and AB Kinnevik (regular co-investors with Rocket online).

Regards to the offer haven’t been disclosed, and we’re now listening up to a call with Wonga and BillPay execs, where we may get more info. Enhance: And they’ve declined to give any information about the facts in the phone call, but our company is nevertheless searching. 🙂

“The purchase dramatically accelerates our development into a broad-based, electronic finance team and will also speed the growth of our PayLater online retail item, with the company’s worldwide expansion,” the business noted in a declaration today. Continue reading “Loan Professional Wonga Buys BillPay, The PayPal Of Germany, To Maneuver Deeper Into Payments”