In 1997 Damelin left banking in search of making an impact as an entrepreneur and become part of the founding team at Barzelan, at the time, a high tech producer of speciality steel wire based in Beit Shemesh, Israel.,[REF]
In 2007, Damelin founded Wonga.com, a financial technology business that provided web- and mobile-based short term loans in the UK and later in over a dozen countries.