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Finch Capital is a Financial Technology Investment firm founded in the fall of 2013. We invest in high growth companies primary in EMEA and prefer to invest after the seed round, when there is proof of concept and there are some revenues.

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Wonga hit in the pocket by tighter lending rules

Radboud Vlaar

April 27, 2015

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Radboud Vlaar

lending

Wonga made £37M annual loss after a clampdown by UK regulators on payday lending. As part of Wonga’s effort to transform its image it scrapped its puppet adverts...although the whole story could be a good script for a new episode of the muppetshow

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Wonga hit in the pocket by tighter lending rules Wonga is also said to be ditching its rubber pensioner puppets Wonga is also said to be ditching its rubber pensioner puppets Alex Ralph Last updated at 11:21AM, April 21 2015 Wonga has slumped to a £37.3 million annual loss after it reined in consumer loans amid a regulatory clampdown on payday lending. The lender fell into the red and warned it will struggle to return to profit this year, having made a profit of £39.7 million in 2013 before it became mired in controversy over its sky-high rates and questionable practices.

http://www.thetimes.co.uk/tto/business/industries/banking/article4418098.ece