In an industry that is not noted for its transparency, Errol Damelin, CEO and co-founder, was quick to explain how Wonga operates, following the release of its first annual report and accounts for 2012.

Despite being a private company, Damelin made it clear that Wonga operates like a public company. He provided a detailed explanation into how Wonga makes its money and how it acts as a “good corporate citizen.”

By communicating its strategy and profitability, Wonga is living up to its values of openness and transparency.

Daily Telegraph 03 Sep 2013.

Leave a Reply.