Financial Times FT.com

Wonga secures $22.25m of new finance

By Maija Palmer, Technology Correspondent

Published: June 9 2009 03:00 | Last updated: June 9 2009 03:00

Wonga.com , the online loans company, has secured $22.25m (£13.9m) of new finance in a deal led by Accel Partners and Greylock Partners. It is one of the biggest private equity funding rounds in Europe this year, exceeding the $17m raised by Seatwave this month.

Wonga's original private equity backers, Balderton Capital, also put further cash into the business.

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