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Errol Damelin information


Errol Damelin
Born (1969-08-23) 23 August 1969 (age 54)
South Africa
Alma materUniversity of Cape Town
Boston University
Occupation(s)Entrepreneur and early-stage technology investor
Known forFounding Wonga.com
Children3 [1]
WebsiteErrolDamelin.net

Errol Damelin (born 23 August 1969) is a South African entrepreneur and early-stage technology investor. In 2007 he co-founded Wonga, an internet payday loan company that gained notoriety for charging extremely high interest on short-term loans.[2] After Damelin stepped down as CEO of the company in 2013, the company went into administration on 30 August 2018.[3]

  1. ^ "Damelin now Wonga chair in board reshuffle". CityAM. 12 November 2013. Retrieved 9 June 2020.
  2. ^ Rupert Jones (16 December 2014). "Wonga cuts cost of borrowing, but interest rate still 1,509% | Money". The Guardian. Retrieved 13 April 2016.
  3. ^ Collinson, Patrick; Jones, Rupert (30 August 2018). "Wonga collapses into administration". The Guardian. Retrieved 30 August 2018.

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