A potential sale of On Deck to Wonga would be worth less than $250m, according to newswire Bloomberg.
Wonga, a UK-based online provider of short-term cash advances, is reportedly in talks to acquire corporate venturing-backed On Deck Capital, a US-based provider of small business loans. The deal would be worth less than $250m, according to newswire Bloomberg.
Wonga has raised around $145m from venture capital firms Balderton Capital, Accel Partners, Greylock Partners, Dawn Capital, Oak Investment Partners and Meritech Capital Partners and quasi-corporate venturing unit Wellcome Trust.
In August, On Deck raised $97m of debt after extending its…