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Wonga.com
Wonga.com, also known as Wonga, was a British payday loan firm that was founded in 2006. The company focused on offering short-term, high-cost loans to customers via online applications, and began processing its first loans in 2007. The firm operated across several countries, including the United Kingdom, Spain, Poland and South Africa; it also operated in Canada until 2016, and in Germany, Switzerland, Austria and the Netherlands through the German payments business, BillPay, between 2013 and 2017. The company was responsible for inventing fully automated risk processing technology to provide short-term, unsecured personal loans online, including via tablet and mobile app. However, it also drew wide criticism from amongst politicians, charities and religious leaders, for the interest it charged, equated to an annual percentage rate (APR) of 1,509%; an example of this was that a loan of £100 over seventeen days (Wonga's average loan term) required £113.60 to repay. The compan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Errol Damelin
Errol Damelin (born 23 August 1969) is a South African entrepreneur and early-stage technology investor. In 2007 he co-founded Wonga.com, Wonga, an internet payday loan company that gained notoriety for charging extremely high interest on short-term loans. After Damelin stepped down as CEO of the company in 2013, the company went into Administration (law), administration on 30 August 2018. Biography Errol Damelin was born in South Africa on 23 August 1969. Damelin grew up in a Jewish family in Klerksdorp, South Africa, with his father being an anaesthesiologist. Upon graduating from high school Damelin attended the University of Cape Town, where he studied Business Science and Law. He was politically active at the university, winning an election to the UCT Students Representative Council and participating in anti-apartheid rallies. During this time he was detained for protesting against the apartheid government policy of detention without trial. He graduated from the Univers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payday Loan
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest rates. The term "payday" in payday loan refers to when a borrower writes a postdated check to the lender for the payday salary, but receives part of that payday sum in immediate cash from the lender. However, in common parlance, the concept also applies regardless of whether repayment of loans is linked to a borrower's payday. The loans are also sometimes referred to as "cash advances", though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Legislation regarding payday loans varies widely between different countries, and in federal systems, between different states or provinces. To prevent usury (unreasonable and excessive rates of interest), some jurisdictions limit the annual percentage rate (APR) that any lender, including payday l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jonty Hurwitz
Jonty Hurwitz (born 2 September 1969 in Johannesburg) is a British South African artist, engineer and entrepreneur. Hurwitz creates scientifically inspired artworks and anamorphic sculptures. He is recognised for the smallest human form ever created using nano technology. Early life Jonty Hurwitz was born in Johannesburg, South Africa, to Selwin, a hotelier and entrepreneur and Marcia Berger, a drama lecturer and teacher. Jonty and his sister (Tamara) spent their early life living in small hotels in rural towns in South Africa while his father built up his business. Jonty studied Electrical Engineering at the University of the Witwatersrand in Johannesburg from 1989 to 1993. His major was Signal Processing. He then joined the University of Cape Town Remote Sensing Group as a full-time researcher under Professor Michael Inggs, publishing a paper on radar pattern recognition. Following his research post, Hurwitz traveled for a long period of time in India studying Yoga and woo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payday Loans
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest rates. The term "payday" in payday loan refers to when a borrower writes a postdated check to the lender for the payday salary, but receives part of that payday sum in immediate cash from the lender. However, in common parlance, the concept also applies regardless of whether repayment of loans is linked to a borrower's payday. The loans are also sometimes referred to as "cash advances", though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Legislation regarding payday loans varies widely between different countries, and in federal systems, between different states or provinces. To prevent usury (unreasonable and excessive rates of interest), some jurisdictions limit the annual percentage rate (APR) that any lender, including payday l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payday Loan
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest rates. The term "payday" in payday loan refers to when a borrower writes a postdated check to the lender for the payday salary, but receives part of that payday sum in immediate cash from the lender. However, in common parlance, the concept also applies regardless of whether repayment of loans is linked to a borrower's payday. The loans are also sometimes referred to as "cash advances", though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Legislation regarding payday loans varies widely between different countries, and in federal systems, between different states or provinces. To prevent usury (unreasonable and excessive rates of interest), some jurisdictions limit the annual percentage rate (APR) that any lender, including payday l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Administration (law)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called being "under administration" – is an alternative to liquidation or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the administ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grant Thornton International
Grant Thornton is the world's seventh-largest by revenue and sixth-largest by number of employees professional services networks, professional services network of independent accounting and Management consulting, consulting member firms which provide assurance, tax and advisory services to privately held businesses, public interest entities, and public sector entities. Grant Thornton International Ltd. is a not-for-profit, non-practising, international umbrella membership entity organised as a private company limited by guarantee. Grant Thornton International Ltd. is incorporated in London, England, and has no share capital. According to Grant Thornton International Ltd., member firms within the global organisation operate in over 130 countries employing over 56,000 personnel for a combined global revenue of US$6.6 billion. History 20th century The earliest origins of the name date back to 1904, when the UK firm of Thornton and Thornton was formed in Oxford. Through a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Romani Language
Romani (; also Romany, Romanes , Roma; rom, rromani ćhib, links=no) is an Indo-Aryan macrolanguage of the Romani communities. According to '' Ethnologue'', seven varieties of Romani are divergent enough to be considered languages of their own. The largest of these are Vlax Romani (about 500,000 speakers), Balkan Romani (600,000), and Sinte Romani (300,000). Some Romani communities speak mixed languages based on the surrounding language with retained Romani-derived vocabulary – these are known by linguists as Para-Romani varieties, rather than dialects of the Romani language itself. The differences between the various varieties can be as large as, for example, the differences between the Slavic languages. Name Speakers of the Romani language usually refer to the language as ' "the Romani language" or '' (adverb)'' "in a Rom way". This derives from the Romani word ', meaning either "a member of the (Romani) group" or "husband". This is also the origin of the term "Roma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Balderton Capital
Balderton Capital is a venture capital firm based in London, UK, that invests in early-stage, technology and internet startup companies in Europe. It is considered to be among the four-biggest venture capital firms in the English capital. Founded in 2000 as Benchmark Capital Europe, Balderton Capital became fully independent in 2007. The company made over 100 early-stage investments between 2000 and 2020, including Revolut, Betfair, The Hut Group, MySQL, Yoox, Depop, Talend, Recorded Future, NaturalMotion, Kobalt Music Group, GoCardless, CityMapper, and Sophia Genetics. In November 2019, Balderton announced Balderton VII, a new $400m fund to invest in European companies at Series A. The new fund will reportedly make approximately 12 investments annually. In 2018, Balderton announced the first fund dedicated to buying equity from existing shareholders of European technology startups. In 2021, Balderton announced the first fund dedicated to growth, with $680M under management and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Conduct Authority
The Financial Conduct Authority (FCA) is a financial regulation, financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.Archived here. Like its predecessor the Financial Services Authority, FSA, the FCA is structured as a company limited by guarantee. The FCA works alongside the Prudential Regulation Authority (United Kingdom), Prudential Regulation Authority and the Financial Policy Committee to set regulatory requirements f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greylock Partners
Greylock Partners is one of the oldest venture capital firms, founded in 1965, with committed capital of over $3.5 billion under management. The firm focuses on early-stage companies in the consumer, enterprise software and infrastructure as well as semiconductor sectors. History Greylock was founded in 1965 in Cambridge, Massachusetts by Bill Elfers and Dan Gregory, joined shortly thereafter by Charlie Waite. Elfers and Waite had both worked at American Research and Development Corporation. The original capital of $10 million was committed by a group of six families. The company opened a second fund in 1973. The company opened its first office in Silicon Valley in 1999. Greylock closed its 12th fund in 2005 with $500 million. In 2009, Greylock relocated its headquarters from the original Boston location to Silicon Valley. Also in 2009, Greylock opened its 13th fund with $575 million. In 2011, the 13th fund was increased to $1 billion. The company organi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
