Wonga in Guardian pitch
Thursday, July 31st, 2008Our founder and CEO, Errol Damelin, was recently interviewed by a popular Guardian blogger.
Our founder and CEO, Errol Damelin, was recently interviewed by a popular Guardian blogger.
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Leading financial website thisismoney.co.uk reports that many credit cards have bumped up their interest in time for the holiday season. Quel surprise! Not only are standard interest rates on the up, but charges for using cards abroad and withdrawing cash from the hole-in-the-wall have also taken a sneaky hike. Here’s an extract from the article: |
Our founder and CEO was in the spotlight again last night. Nope, Thursdays are his disco class – this was at the South East finals of the National Business Awards.
We were shortlisted in a couple of categories: The Orange Best Use of Technology in Business Award, plus the highly prestigious title of Credit Suisse Entrepreneur of the Year.
Wow. The Times has today broken a personal finance story that beggars belief. Actually, it will shock most people but the Wonga gang is only too aware of the crazy fees banks charge for unauthorised overdrafts. It’s one of the reasons we set up our service – to offer people an alternative for emergency funds. But even we were choking on our cornflakes while reading this sorry tale.
Some may think it’s an old fashioned concept, but we value trust and it’s an important element of the Wonga service. Besides, since when has something been a bad idea just because it’s been around for a long time? Yeah, yeah - apart from the The Spice Girls?
Words can’t really express the excitement and pride everyone’s feeling now we’ve launched Wonga.com. But check out the glorious cake we commissioned to mark this momentous occasion and you might get an idea! We’d offer you a slice of this sugary heaven, but virtual cake doesn’t really taste that good (even if it works miracles for the waistline). Sorry, but it’s the thought that counts.
Our technical wizards have been saluted by the experts at CNET Networks – we’ve been shortlisted for Financial Services Technology Project of the Year in their annual celebration of innovation. Needless to say we’re as proud as punch and have our fingers crossed for the finalists’ ceremony in September.
It’s so close you can almost touch it.

Lloyds TSB has this week been criticised for promoting Visa debit cards to kids, without always getting the green light from mum & dad. The bank’s excuse is they don’t always know where the parents are. But perhaps the suprising thing is that it’s standard industry practice to promote cards to kids as young as eleven.