We believe that short-term borrowers in the UK are underserved and do not get a good and fair service from lenders, whether it’s a payday loan, a short-term loan or an unarranged banking overdraft. Compellingly short term borrowing is at an all time high. This, alongside the bad practice in the sector and widespread customer mistreatment, has led to a huge need for change.
Welendus is re-defining the short-term credit market by introducing a value adding and competitive peer-to-peer short-term lending product. With full FCA authorisation in hand, our aim is to help people in short-term financial needs borrow directly from other people at a cheaper rate with no hidden costs or charges. Being a peer-to-peer lender, Welendus is helping financial inclusion while funnelling the short-term lending returns back to the society.
Our mission is to offer better, ethical, more flexible and more affordable short-term loans for borrowers through a clear, bespoke, and easy to use platform. For lenders, Welendus offers returns with the short-term investment flexibility and the benefit of a provision fund cover.