Founded in 2006, Webtransfer began as a global money transfer service with a presence in major cities worldwide, from London to Shanghai. By 2013, leveraging its vast international network, Webtransfer ventured into the realm of social peer-to-peer (P2P) lending. This social credit network was established with the support of Webtransfer Corp. (NY) and Webtransfer Europe Ltd, and received regulatory backing from the FCA in the UK, ensuring its operations adhere to high standards of financial conduct and consumer protection.