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London-based PTP Funding operates Welendus, a peer-to-peer lending platform that connects borrowers directly with lenders.
PTP Funding Limited was founded in 2015 and is headquartered in London, UK. It was established by Nadeem Siam and operates Welendus, a peer-to-peer lending platform where users lend and borrow directly, for personal or business purposes, mainly in the UK and select European countries. Revenue comes mainly from interest on platform loans, with borrower fees and lender commissions. On April 16, 2019, the company raised an undisclosed amount of venture funding from Unicorn Ascension Fund.
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