Entrepreneur & Angel Investor
London, Greater London, United Kingdom
What company does Errol Damelin work for?
Errol Damelin works for Wonga.com
What is Errol Damelin's role at Wonga.com?
Errol Damelin is Chairman
I'm a global entrepreneur who loves building innovative businesses with inspirational people. I've already demonstrated drive, innovation and adaptability; having founded several successful businesses on different continents and in unrelated sectors. In recent years I'm proud to have received recognition from some respected organisations. I've been named Entrepreneur of the Year in the UK by Ernst & Young, the Guardian, TechCrunch and the European Tech Tour Association amongst others. I founded Wonga.com, an online and mobile lender and technology company with backing from some of the world's top VCs.We have provided over 10 million small, short-term loans to both individuals and small businesses and our automated, real-time risk and decision systems leave traditional lenders eating dust whilst maintaining industry-leading levels of customer satisfaction. Wonga's mission is to responsibly provide a customer-friendly alternative to slow, rigid and long-term sources of credit. That means providing completely transparent pricing, using our sophisticated decision technology to ensure we only lend to credit-worthy individuals and giving applicants unique control over the exact size, length and cost of their loan. Prior to creating Wonga, I was founder and CEO of Supply Chain Connect Ltd. With offices in the UK and US, the company serviced over 250 blue chip industrial customers and was acquired by ChemConnect in 2005. I grew up in South Africa and Israel. Following business school, I got involved financing tech start ups and, whilst helping entrepreneurs turn their ideas into reality, I was inspired to switch roles. I work and travel a lot but I also enjoy an active lifestyle including marathon running, sea kayaking and skiing. Specialties: Start-up, internet, enterprise software, software as a service, venture capital, angel funding, merger, acquisition, UK financial services, consumer finance, bitcoin, mobileChairman @ From November 2013 to March 2014 (5 months) Founder & CEO @ As the Founder CEO, I drove the innovative strategy as well as the day to day building of the business. I was fortunate to be doing this with an excellent group of people and this made the execution a whole lot more enjoyable and rewarding. From December 2006 to November 2013 (7 years) Founder & CEO @ I founded this world class supply chain connectivity and visibility business that we grew to become one of the pre-eminent providers of hosted supplier and customer facing supply chain collaboration solutions. It's hosted connectivity and visibilty offerings are delivered both directly and through partnerships with leading software and services firms. It's unique RFID Connect solution is delivered in partnership with leading packaging, barcode and systems integrator partners. The Supply Chain Connect hub and connectivity platform enables supply chain partners to share critical order, demand and inventory information in real-time to reduce administration costs and lower inventory levels. Headquartered in London and with US offices, Supply Chain Connect had a blue-chip customer base and had become one of the pre-eminent providers of on-demand supply chain connectivity solutions before its 2005 acquisition by Chem Connect Inc. From May 2000 to November 2005 (5 years 7 months) Investment Banker @ I was a successful early-stage corporate finance banker at one of Israel's leading investment banking boutiques (now part of the IDB group). From 1995 to 1998 (3 years) Master of Science in Management (MSM) @ Boston University - School of Management From 1994 to 1995 Bachelor of Business Science (Honours), Business and Law @ University of Cape Town From 1988 to 1992 Errol Damelin is skilled in: Start-ups, Strategy, Entrepreneurship, Consumer Financing, bitcoin, Mobile Payments, Small Business Lending, E-commerce, FinTech, Angel Investing, Financial Services, SaaS, Mergers & Acquisitions, Enterprise Software, Management
Extraversion (E), Intuition (N), Feeling (F), Judging (J)
4 year(s), 0 month(s)
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