Errol Damelin is set to change the financial landscape and the way that consumers interact with financial services. Founder and chief executive officer of wonga.com, Errol Damelin is at the helm of one of the fastest growing technology companies in the United Kingdom.
Damelin cleverly identified the gaps in the financial services industry and brought a unique digital financial services company, Wonga, to the world. He has subsequently been named Founder of the Year at TechCrunch Europas, Ernst & Young Entrepreneur of the Year for London, and Digital Entrepreneur of the Year. Errol Damelin was recently awarded Entrepreneur of the Year at the UK's Growing Business Awards as well as The Guardian's Entrepreneur of the Year. Awards and titles afford recognition for this dynamic company based in London, but it is Errol’s vision that will propel Wonga into effecting lasting change within the traditional banking system.
Errol Damelin was born and educated in South Africa. His graduation from business school and his innovative nature meant that Errol Damelin was always going to be a success. Before Wonga, Errol was the founder of two international companies in divergent markets. As CEO of Supply Chain Connect, an international corporation of hosted supply chain collaboration solutions, Errol provided logistics services to over 250 Blue Chip clients.
It is the mark of a true entrepreneur to never stand still; to continually strive to be better and to constantly bring new and exciting products to market for the benefit of consumers. Errol Damelin is a passionate leader and wonga.com is a truly groundbreaking financial services company for a new generation. Errol Damelin’s strengths lie in his ability to develop business models and ideas that work; to develop companies that provide employment around the world, and companies that continually strive to be the best and deliver the best to their customers.
The mission behind the Wonga brand has always been to promote the values of responsible lending and to give consumers more choice about how, where and how much they borrow. The technology behind Wonga is what gives this vibrant company the edge. In a world that is still filled with traditional banks, high street lenders and traditional loan services, Errol Damelin and wonga.com have seized the day.
Offering short term loans to prequalified applicants means that Wonga has been able to provide over five million loans in five years. The unique slider technology on the wonga.com website ensures that consumers are always in control of their loan applications and that they know exactly how much they are going to pay back. Part of the vision of Errol Damelin and the goal of wonga.com has always been to ensure that borrowers understand exactly how much they will be paying back on their short-term loan even before the loan application has been submitted.
Errol Damelin doesn’t want to change the world but he does want to change the way we live in it by providing unique, diverse and personal financial solutions for all.