online financial services

Q&A: Wonga CEO Errol Damelin

Errol DamelinWonga is an online service which has found a gap in the financial services market, providing short-term loans of up to £1,000 to users, and processing applications quickly.

The company was launched in 2007, backed up by £3m in funding, and came out of beta last year. I’ve been talking to founder and CEO Errol Damelin about Wonga.