wenance

Founded in 2014 in Argentina, Wenance is a financial technology company that developed a proprietary platform for granting online personal loans to individuals. The company utilizes technology, including machine learning and artificial intelligence, for credit scoring and risk assessment to offer financial products to underserved segments of the population. Its mission was to provide accessible and fast credit solutions. Historically, it operated multiple brands, including Welp, and expanded its operations from Argentina to other markets like Spain, Mexico, Peru, and Uruguay. However, since mid-2023, the company has faced severe financial difficulties, ceasing operations in several markets and facing significant legal investigations and bankruptcy proceedings.