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It's, er, interesting to see Wonga listed as something to emulate. The only context I've heard of them in before is people wishing fiery death upon them for exp
by Joeboy 15y ago
It's, er, interesting to see Wonga listed as something to emulate. The only context I've heard of them in before is people wishing fiery death upon them for exploiting the desperate.
- freyfogle 15y agoThat and articles about investors piling ever more money in because it's a cash machine. BTW - people are working on this in the US, though it moves more slowly due to state by state regulations http://techcrunch.com/2012/01/19/former-google-cio-raises-73-million-to-reform-payday-loans-with-data-driven-startup-zestcash/ http://techcrunch.com/2012/01/19/former-google-cio-raises-73...
- judegomila 15y agoI'm not a fan of the model either. But someone will do it. Looks like Douglas Merrill is already on it with $73m in funding.