Tom (and the rest of Monzo) feels strongly that the high-cost loan market is currently terrible, with predatory companies taking advantage of individuals in dire circumstances. Wonga, especially early on, was one of those (although probably still better than a neighbourhood loan shark).
However, there’s a bit too much media interpretation in this article — at one point, they wanted to write that we were about to launch a Wonga competitor. All of this from Tom expressing his disgust with the way the market is currently setup, which I think most people here would agree with.
We don’t have any plans in this space, but we do want to continue talking about it; with customers, individuals affected and the media. I think we have a moral obligation to do so and to try and improve the existing situation as much as possible using our voice.