Errol Damelin - Digital Finance
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Wonga founder Errol Damelin steps back from day-to-day running - Telegraph

Wonga founder Errol Damelin steps back from day-to-day running - Telegraph | Errol Damelin - Digital Finance | Scoop.it
Co-founder Errol Damelin to become Wonga's chairman, and will be replaced as chief executive by chief operating officer Niall Wass
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Wonga buys German payment firm BillPay as global expansion continues

Wonga buys German payment firm BillPay as global expansion continues | Errol Damelin - Digital Finance | Scoop.it
Controversial lender purchases company which lets people pay in instalments for items bought online
Errol Damelin's insight:

"The combined Wonga and BillPay business will consolidate our position as a pioneer in the financial revolution, offering customers a range of bold new payment and credit solutions for the modern world.

"As well as giving Wonga a presence in Europe's second largest online retail market, this deal continues our ongoing transformation into a fully international, digital finance business with operations across three continents and more than 3 million customers."

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

E-Loan Specialist Wonga Buys BillPay, The PayPal Of Germany, To Move Deeper Into Payments | TechCrunch | Errol Damelin - Digital Finance | Scoop.it
Wonga 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..
Errol Damelin's insight:

“The acquisition significantly accelerates our development into a broad-based, digital finance group and will also speed the development of our PayLater online retail product, together with the company’s international expansion”

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If only more banks were more like Wonga

If only more banks were more like Wonga | Errol Damelin - Digital Finance | Scoop.it
I know a lot of people who work in the financial industry. One on one, they are decent and kind. I’d trust them to look after my handbag in the…
Errol Damelin's insight:

"And there’s another new business out there that’s even simpler, and I think it’s the best role model the financial industry has. It is Wonga. Everyone hates Wonga because its business model is based on lending to the needy at rates into the thousands of per cent. But if you look not at what Wonga charges but what its website says, you’ll see why it works." 

By Merryn Somerset Webb

5 October 2013


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At least Wonga is open to debate - Telegraph

At least Wonga is open to debate - Telegraph | Errol Damelin - Digital Finance | Scoop.it
With its headline annualised percentage rate of 5,853pc, it is easy to see why Wonga is the enfant terrible of the consumer lending sector.
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UK unemployment rate drops to 7.7% - BBC News

UK unemployment rate drops to 7.7% - BBC News | Errol Damelin - Digital Finance | Scoop.it
Bloomberg
UK unemployment rate drops to 7.7%
BBC News
The rate of unemployment in the UK dropped to 7.7% between May and July from 7.8% in the previous three months.
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Wonga compares very favourably - Independent.ie

Wonga compares very favourably - Independent.ie | Errol Damelin - Digital Finance | Scoop.it
Madam – I noted with interest the article (Sunday Independent, April 21, 2013) 'Wonga ramps up presence here with plans to employ 100 staff', and I wanted to correct a misconception abo
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Wonga boss Errol Damelin: it's time to push the bad guys out of payday loans - News Snip

Wonga boss Errol Damelin: it's time to push the bad guys out of payday loans - News Snip | Errol Damelin - Digital Finance | Scoop.it

Damelin is not a man to be drawn on what he sees as “short-term” concerns, but at the same time does not seem rattled that the name of the company he founded with Jonty Hurwitz seven years ago is fast becoming a modern day by-word for bad business ethics. 

Errol Damelin's insight:

“We care a lot about what our customers think about us. So we know a lot
about what people think about us. They really, really like our service, they
continue to use it at scale, the growth levels are strong,”

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Errol Damelin - Wonga | Bits and Billions interview

http://www.policyexchange.org.uk/publications/category/item/bits-and-billions-a-blueprint-for-high-impact-digital-entrepreneurship-in-the-uk?category_id=24.
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Wonga CEO: people want short term loans, no matter what a loud minority says - Wired.co.uk

Wonga CEO: people want short term loans, no matter what a loud minority says - Wired.co.uk | Errol Damelin - Digital Finance | Scoop.it
Which4U - UK
Wonga CEO: people want short term loans, no matter what a loud minority says
Wired.co.uk
"I think we have mainstream public acceptance -- sometimes a small minority just shouts louder than the majority," says Wonga CEO Errol Damelin.
Errol Damelin's insight:

The success of Wonga, says Damelin, is down to a growing trend for a "consumer led approach" in every sector. Brands like Skype, he says, have had success because they put customers at the forefront of their proposition. 

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Showing kids how to crack the computer code

Showing kids how to crack the computer code | Errol Damelin - Digital Finance | Scoop.it
A group of 40 or so enthusiastic boys and girls aged nine to 14 are sitting in clusters in a couple of classrooms at Imperial College in west London.
Errol Damelin's insight:

Belinda Parmar is the founder of social enterprise Little Miss Geek, whose mantra is "making technology more accessible to women". A key issue, she believes, is that British businesses are not doing enough to help support computer science and coding.

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Wonga: The Movie is on the way

Wonga: The Movie is on the way | Errol Damelin - Digital Finance | Scoop.it
BAFTA-nominated filmmaker Gary Tarn is to make a documentary about customers of loan website Wonga.com.
Errol Damelin's insight:

‘They are people from all walks of life using the service for lots of different reasons and it⊃1;s great that such a respected filmmaker will capture some of these stories.’

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What I Wish I Knew Before Pitching LinkedIn to VCs

What I Wish I Knew Before Pitching LinkedIn to VCs | Errol Damelin - Digital Finance | Scoop.it
At Greylock, my partners and I are driven by one guiding mission: always help entrepreneurs. It doesn’t matter whether an entrepreneur is in our portfolio, whether we’re considering an investment, or
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Mike Doherty's curator insight, October 16, 2013 3:42 AM

Never forget your investors are your partners.  Make sure you have a good working relationship before you sign, you will be living with them  for quite awhile.

Timothy Jacquet's curator insight, October 17, 2013 12:32 PM

Well said!

Subhash Acharya's curator insight, January 30, 2014 7:46 AM

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Archie Norman: Why we should nurture 'Googles' of tomorrow - Telegraph

Archie Norman: Why we should nurture 'Googles' of tomorrow - Telegraph | Errol Damelin - Digital Finance | Scoop.it
Achieving the shift to a structurally fast-growth innovative economy requires a wholehearted investment in science, engineering and our intellectual property.
Errol Damelin's insight:

"We often regard new businesses with suspicion or disdain. Take Wonga, a truly extraordinary British success erroneously described as a “payday lender”, when actually what it does is no more or less benign than Mastercard. Wonga will probably end up floating in the US where it is appreciated."

By Archie Norman

 

05 Oct 2013

 

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Wonganomics: the role of student debt and housing costs | Faisal Islam on Economics | Faisal Islam on Economics

Wonganomics: the role of student debt and housing costs | Faisal Islam on Economics | Faisal Islam on Economics | Errol Damelin - Digital Finance | Scoop.it
Wonga boss Errol Damelin tells Channel 4 News his payday lending firm is benefiting from a "generational shift" away from credit cards and unauthorised overdrafts.
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Wonga posts £84.5m profit as one million people draw payday loans - Telegraph

Wonga posts £84.5m profit as one million people draw payday loans - Telegraph | Errol Damelin - Digital Finance | Scoop.it
The head of Wonga has defended the pay day lender as a “good corporate citizen” as he unveiled pre-tax profits of £84.5m, up 35pc, for 2012.
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Wonga.com survey finds that unexpected costs drive loan applications

Wonga.com survey finds that unexpected costs drive loan applications | Errol Damelin - Digital Finance | Scoop.it
While the perception exists that most South Africans applying for unsecured loans are doing so as a result of living beyond their means, a recent survey by Wonga.com has revealed that the primary reason for these applications is to cover unexpected...
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Wonga’s latest goal is to lend support for new technology | The Times

Wonga’s latest goal is to lend support for new technology | The Times | Errol Damelin - Digital Finance | Scoop.it
The payday lender will run an event at the home of Newcastle United FC in which 50 teenagers will learn how to build a website or app
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Errol Damelin | Occupy Wall Street Debate | Oxford Union

Errol Damelin gives his argument in proposition of the motion that "This House would Occupy Wall Street". Facebook @ http://fb.me/theoxfordunion Twitter @ ht...
Errol Damelin's insight:

Errol Damelin outlines the financial industry and why it desperately needs to be transformed and says it's all about how we manage our money as individuals and as businesses.

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