Welltrado is a Fintech (Financial technology) startup, founded in 2016 by Lithuanian native, Tomas Medeckis. Welltrado has offices in both Vilnius and Odense (Denmark).
Welltrado calls itself a global alternative investment marketplace, and the company is purely focused on the alternative space – Peer-to-peer (P2P) platforms to be exact.
Welltrados mission or purpose is to create transparency in a highly clouded market, as many P2P lending platforms are not regulated like your usual exchange or financial institution. The company sees P2P lending as a great addition to the financial space and a way to help both individuals and businesses alike in reaching their goals. As with most innovations, especially within finance, P2P lending still lacks a general trust and clarity in everything from how to begin, where to do it and what to expect. These are exactly the concerns that Welltrado aims to alleviate for investors.