Web 2.0 News

Wonga Raises $6M For Small Loan Service
Wonga , the UK-based small lending site, has announced its first round of investment for $6 million, led by Balderton Capital (formerly Benchmark Capital Europe). Also participating in this round is Betfair and Setanta, and the Accelerator Group, which specializes in early stage technology funding. The site is currently in closed beta.

Source: http://mashable.com/2007/06/27/wonga-funded/