Analysis

September 25, 2019

You've heard of challenger banks, now meet the challenger lenders

"Neo-lending" platforms are on the rise, and they're already cutting into banks' biggest revenue streams.


Isabel Woodford

6 min read

For better or worse, it was Wonga that first put “challenger lenders” on the map. The UK payday lender's meteoric rise saw it become a household name before its collapse last year after a string of irresponsible, inflated loans.

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