Wonga lent to people who could never repay and collapsed under compensation claims
Wonga.com · Payday lending (private)
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Unit economics & burn
Would have shown that profits depended on borrowers who could not repay.
Can mislead when: Cost allocation is a judgement call. Kubr shows its assumptions and lets the user change them.
Regulatory & litigation records
Would have tracked the FCA findings and redress.
Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.
Operating-metric verification
Would have tested default and roll-over rates against reported quality.
Can mislead when: Contract staff do not appear in EPFO. Vahan access needs licensed APIs. Some businesses have no physical trace.
Where Kubr services would have helped
Valuation context
Offered in India- C8 Would have tracked the FCA findings and redress.
- C9 Would have shown that profits depended on borrowers who could not repay.
Financial diligence
Offered in India- C9 Would have shown that profits depended on borrowers who could not repay.
- C10 Would have tested default and roll-over rates against reported quality.
Model check
Offered in India- C9 Would have shown that profits depended on borrowers who could not repay.
- C10 Would have tested default and roll-over rates against reported quality.
Portfolio monitor
Offered in India- C8 Would have tracked the FCA findings and redress.
- C10 Would have tested default and roll-over rates against reported quality.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.