Wonga.pl sp. z o.o.
English payday loan providerwww.wonga.com
13
MENTIONS
8
EPISODES
8
PODCASTS
Search complete. 13 mentions across 8 episodes found for "Wonga.pl sp. z o.o.".
Oct 27, 2026
DanHOST
We're spending an awful lot of money here that we don't have.
BadgerHOST
yes Dan I've been saying it to you we're getting that Wonga off the internet do
DanHOST
you know what I mean yeah go the first the first check we get from Spotify for 10 euro goes straight up and lowballing someone for 10 will you take a 10er for it
BadgerHOST
yeah no man like I think I don't know
Pete QuiñonesHOST
Not very friendly.
Pete QuiñonesHOST
But by far the most notorious domestic online money lender in Britain is Wonga.
Pete QuiñonesHOST
It was the astonishing 5,853% rate on Wanga's annual loans that finally prompted the British government to begin closing the loopholes, which permitted the moneylenders feeding frenzy on the British people.
Pete QuiñonesHOST
Wanga, which still charges annual interest rates of 1,509%, was founded by two South African Jews, Errol Damelin and John T. Hurwitz.
Pete QuiñonesHOST
Among the company's practices was the forging of legal letters in order to terrorize customers into paying even higher fees.
Pete QuiñonesHOST
Because such practices are completely illegal, the company was later subject to criminal investigation.
Pete QuiñonesHOST
Like a rat deserting a sinking ship, Damlin stepped down from his leadership at Wonga, retaining his shares, just two weeks before the company was due to be hit with new regulations from the Financial Conduct Authority, as well as a $4 million compensation demand.
Pete QuiñonesHOST
Wonga had yet to pay thousands of customers when it went bust in August 2018.
RonnieHOST
It's one of them, anyway.
TobesHOST
That's good, because I thought it was Newcastle in my head, because you said the Wonga kit, and I was like, was that Danny Rose?
RoryHOST
Yeah, mate, I've got no bloody clue.
RoryHOST
Um...
TobesHOST
You knew Colbert was like then.
RoryHOST
We were
TobesHOST
thinking of Wonga Newcastle.
RoryHOST
No, no, because I remember Jack Colbeck in like the Carabao Cup or something for Nottingham Forest like a couple of years ago.
Pete QuiñonesHOST
Not very friendly.
Pete QuiñonesHOST
But by far the most notorious domestic online money lender in Britain is Wonga.
Pete QuiñonesHOST
It was the astonishing 5,853% rate on Wanga's annual loans that finally prompted the British government to begin closing the loopholes, which permitted the moneylenders feeding frenzy on the British people.
Pete QuiñonesHOST
Wanga, which still charges annual interest rates of 1,509%, was founded by two South African Jews, Errol Damelin and John T. Hurwitz.
Pete QuiñonesHOST
Among the company's practices was the forging of legal letters in order to terrorize customers into paying even higher fees.
Pete QuiñonesHOST
Because such practices are completely illegal, the company was later subject to criminal investigation.
Pete QuiñonesHOST
Like a rat deserting a sinking ship, Damlin stepped down from his leadership at Wonga, retaining his shares... just two weeks before the company was due to be hit with new regulations from the Financial Conduct Authority, as well as a $4 million compensation demand.
Pete QuiñonesHOST
Wonga had yet to pay thousands of customers when it went bust in August 2018.
Kate PenderGUEST
Sort of.
Kate PenderGUEST
I think if we were to step back and look at what's happened in the lending market over the last decade, you know, some time ago we would have been having a podcast like this talking about the use of payday loans and the likes of Wonga.
Kate PenderGUEST
And all of those have really exited the market after the regulation changed quite some time ago.
Kate PenderGUEST
So buying our pay later, to a certain extent, has come in to replace some of those things.
AlexHOST
And I don't mean that in a negative way.
AlexHOST
I mean, like most people on the street take out Wonga loans and don't even understand interest and compound interest.
AlexHOST
How the hell are they? Why would they have any appetite to understand like self-custody and decentralization?
GrantHOST
Yeah.
Ben ClarkHOST
We don't need taxi loads.
Ben ClarkHOST
So we've got to be getting onto wonga.com. That's it.
Ben ClarkHOST
We've got to do the whole payday loan thing.
Ben ClarkHOST
This is how
Alex HutchingsHOST
Really interesting background, obviously 20 years in tech, ex-BBC, right back in, what, late 90s, early 2000.
Alex HutchingsHOST
But you then went on to work for the likes of Wonga, Ovo, and then most recently, Kalooza.
Alex HutchingsHOST
Nitro, for me, I was talking to Patrick, who obviously has set this up, It's a product I use every day, but actually what's interesting.
Alex HutchingsHOST
Yeah, I do.