Errol Damelin

Errol Damelin Overview

Errol Damelin is the Founder, CEO, chairman, or original investor and backer of over 75 digital and tech companies around the world, including in Israel, the US, the UK, most of Europe, South Africa, Turkey, Brazil, Indonesia, and Nigeria. He focuses on fintech, crypto, SaaS, health and wellness, marketplaces, and data analytics. He is the inventor of three granted patents and has another four pending. After founding the groundbreaking fintech company, Wonga, which he grew to over $100 million in annual net profit, he co-founded SME banking startup Tide. As a Founder, he has been recognized as 2011 Digital Entrepreneur of the Year by The Guardian, the UK's 2011 Entrepreneur of the Year by Ernst and Young, and 2010 Founder of the Year by TechCrunch. Being a Founder himself several times over, with all the scars to show for it, Damelin puts real skin in the game when he continues to invest early on in the next generation of entrepreneurs to help them succeed. He would describe his approach as Riding Shotgun. Damelin's early investments include Wise, Cazoo, Purplebricks, K Health, YuLife, Sure, Demyst, Zoe, Farewill, CityMapper, Modifi, UnBabel, Thimble, HiBob, Modifi, Elliptic, Lendingkart, and VivaReal.

Latest News

Mar 24, 2022 · www.businesslive.co.za

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Q&A: Angel investor Errol Damelin picks problems for which he wants to find solutions

The article mentions Errol Damelin, the founder of fintech lending platform Wonga, who is known for investing in 70 start-ups globally. Damelin is an angel investor specializing in backing technology businesses. He provides financial backing to small start-ups or entrepreneurs in exchange for ownership equity in the company.

Investment

Sep 15, 2021 · sifted.eu

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Wonga's Errol Damelin scores 9900% return on angel investment in Cazoo & Wise

Errol Damelin, founder of Wonga, has become a successful angel investor with his portfolio companies Wise and Cazoo securing billion-dollar exits. Damelins stakes in Wise and Cazoo reached a combined worth of £11.6m when the companies listed, resulting in a 108x return on his original investments. Damelin has a heavy presence in the fintech sector, with around 40% of his investments being in fintech companies. He is also focused on diversity, aiming to have a portfolio of founders that is 50% non-white male. Damelin is known for being a hands-on mentor and is passionate about getting companies off the ground. He has a low profile and demands discretion among his portfolio founders. Damelins success as an angel investor contrasts with the downfall of Wonga, which fell into administration in 2018.

Investment

Oct 26, 2020 · sifted.eu

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Fintech's top angel investors

The article discusses the growth of the fintech industry in Europe, fueled by angel investors who have injected over €612m into European fintechs in the past year. The article identifies the top fintech angels in Europe based on their investments in Fintech50 companies. The top investors include Chris Adelsbach, Taavet Hinrikus, Charlie Songhurst, Perry Blacher, Tom Stafford, Tanya Blacher, Baroness Denise Kingsmill, and others. The article also mentions notable angel investors in Germany, France, and Sweden. Angel investing is seen as critical for startups and provides more widely distributed venture capital. The article highlights the need for more diversity in angel investing, particularly in terms of gender balance.

Investment

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