team - mid-level team
mvp - yes
idea - usual
competitors - many
market - #TokenizedP2Pfund
Mar 26th 2018
a month ago
Jun 14th 2018
in 2 months
*The rating score is given by Foxico. To check the rating at Zaz spreadsheet please follow the button.
Welltrado is a scalable blockchain based platform that seeks to enable investors to buy and sell loans from thousands of different loan providers globally, invest into peer-to-peer lending funds (P2P) and manage investment portfolios.
There are three major problems:
- · Difficulties in diversifying and managing investments;
- · Issues with transparency and reputation;
- · Problems with the mobility of cryptocurrency and assets across borders.
We propose three solutions to them:
- · Cross-platform loan aggregator with ratings and blockchain;
- · Welltrado P2P fund for global and cross-border investors;
- · Portfolio management of loans across platforms in a single dashboard.
BENEFITS FOR INVESTORS:
Up to 10X higher returns
We provide the ability to invest even in platforms where it has not been possible for more than 10 years. We believe that returns should not vary based on where you live – everyone should have access to high-interest rates.
Up to 7X faster
On average, traditional investors open accounts on 7 different P2P Lending Platforms. It might take days or even weeks to pass a verification process, get used to the new interface, and even longer to manage and track investments. Welltrado makes this process much faster. Create an account at Welltrado, get verified, and all platforms and their loans can be reached with a single click.
More than 10M loans in a single dashboard
No one can stop your lending, not even politics, economic policies or banks. No middleman, just you and the loans. Lower your risk by choosing from thousands of P2P lending platforms and millions of loans.
BENEFITS FOR LENDING PLATFORMS
Up to 20% more investments
Welltrado works exclusively with retail and institutional investors only. Internet Lending Platforms have a great chance to get additional investments to their loans while working with Welltrado in a 100% automated and optimized way.
100+ different deposit options
Currently, 95% of Lending Platforms have very few deposit options. In most cases, there is a single PSP integration, or perhaps none at all. Welltrado will provide Lending Platforms with „Payment aggregator module“ which will enable investors to deposit money from any bank or e-wallet (including Paypal, Skrill, Neteller, Credit Cards, Mobile payments + 100 other different methods).
10x faster administration process for investors
Many big Lending Platforms prefer to work with a few big investors rather than many single individuals because of the cost of administration and verification time. After the ICO Welltrado will seek to become an Asset Management company, making us the preferred source of investments for Lending Platforms. Welltrado will take care of the KYC of investors.
15% less defaulted loans
Welltrado‘s goal is to aggregate loans from Lending Platforms. With millions of loans gathered, and with the help of big data and machine learning, we will be able to notice particular patterns of loans and borrowers. Therefore, we will be able to assess the risk not just on a local, but on a continental level. This means that Lending Platforms will get the additional know-how to their own risk-assessment process and will be able to improve the “Risk score” of the loans, making investments on their platform more attractive.