Felix Weth

Felix is the founder and CEO of Fairmondo, a German online-marketplace owned by its users. He holds degrees in political sciences, philosophy, economics, public policy, and administration. As an anti-corruption activist, he travelled widely through Africa where he saw how corruption deprives especially young people of life chances. For him, this experience highlighted the structural deficiencies of our economic and political systems. Later, he developed the idea of Fairmondo as a corruption-resistant, transparent, web-based company that could serve as a model for other businesses. Fairmondo publicizes its banking operations through the Open Bank project so that everyone can see and control what they do with their funds.

CO-OP 2.0
Fairmondo is an online-marketplace created to become a true alternative to the big players in eCommerce. In order to ensure that Fairmondo lives up to its values even while scaling up, we developed a model that we call “CO-OP 2.0.” This model includes structural provisions to ensure democratic accountability for all stakeholders as well as legally binding commitments to transparency and open source. The next step is to transfer the model from Germany to other countries, aiming at the construction of a decentralized but technically integrated global online-marketplace collectively owned by the local co-ops.