Welli provides short‑term, fixed‑rate consumer loans that let patients in Colombia finance medical procedures through a mobile app, with credit decisions in minutes and no need for a guarantor. Funds are disbursed directly to accredited healthcare providers, and borrowers repay in transparent monthly installments that do not affect their existing credit‑card limits.
Funding
$75M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CIFounders
Product
Problem
Many patients in Colombia lack affordable, quick financing options for medical procedures, leading to delayed or forgone treatments due to high credit‑card interest rates, the need for guarantors, and lengthy approval processes.
Solution
Welli offers short‑term consumer loans specifically for healthcare expenses, allowing patients to apply for a credit line via a mobile app and receive a decision within minutes. Approved funds are disbursed directly to the accredited medical provider, while the borrower repays the loan in fixed, transparent monthly installments. The service does not require a co‑signer or affect the borrower’s existing credit‑card limits, and it provides competitive interest rates compared with typical credit‑card financing. Patients can choose the loan amount, term, and rate that best fit their budget, and pre‑payment is allowed without penalties. Welli’s platform also supports a wide range of specialties, from plastic surgery and dentistry to fertility and veterinary care.
Target Audience
Welli serves individual patients aged 18‑70 who need financing for elective or essential medical procedures, as well as accredited doctors and healthcare institutions that partner to receive direct payment for services.
Features
- Mobile application for instant credit application and approval in under one minute
- Fixed‑rate, fixed‑payment loan structure with transparent monthly installments
- Direct disbursement of funds to the medical specialist’s bank account within 24‑48 hours after procedure confirmation
- No guarantor or co‑signer required; credit limit does not impact existing credit‑card lines
- Flexible loan amounts from COP 300 000 to COP 25 million and customizable repayment terms
- Pre‑payment allowed at any time without penalties, reducing overall interest cost
- Coverage of numerous medical specialties, including surgery, dentistry, fertility, vision, and veterinary services