Welendus to shake-up short-term lending with £300K Seedrs campaign
6th February 2017
Level39 member Welendus is ramping up its efforts to shake-up the short-term lending market with a £300k crowdfunding campaign on Seedrs.
Headed up by CEO Nadeem Siam – Welendus poses as a more ethical alternative to the oft-criticised payday loan industry.
Working through a peer-to-peer platform, rather than via a single lender, Welendus enables users to borrow from others without any hidden costs or charges.
The business is looking to soft launch in the first quarter of this year, and are currently offering 8.02% equity to those who invest via Seedrs.