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October 18, 2013 01:10 pm GMT

E-Loan Specialist Wonga Buys BillPay, The PayPal Of Germany, To Move Deeper Into Payments

moneyWonga is a UK-based startup best known for its online payday loan services, but today the company made a move that could see it not only extending across to other markets in Europe but also into other services like payments: the company today is announcing the acquisition of BillPay, known as the "PayPal of Germany". This is yet another major exit for Rocket Internet, which incubated and backed BillPay.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/F0p32DRounk/

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