Bitbond

cryptocurrencyblockchain

FOUNDING YEAR: 2013
LOCATION: Germany
Last Update: 17/07/2020

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About

Bitbond is a peer-to-peer bitcoin lending platform. Users can borrow bitcoins or lend bitcoins to other users. Bitbond conducts a credit rating for all borrowers before they can publish projects on its marketplace.

MEDICI Analysis

Bitbond is a peer-to-peer bitcoin lending platform. Users can borrow bitcoins or lend bitcoins to other users. Bitbond conducts a credit rating for all borrowers before they can publish projects on its marketplace.

Focus

PRODUCTS & SERVICES

Bitcoin based p2p lending platform for small business owners

REVENUE MODEL

The company generates revenue from the origination fee which is applied once a loan is funded.

MAIN CLIENTS

Small businesses

PRIMARY PROBLEM SOLVED

- Bitbond makes global borrowing and investing possible. - Bitbond brings essential financial capabilities to everyone with an internet connection. Including the 2 billion adults in the world without access to a bank account. - Bitbond provides quick and affordable financing to SME's and Online sellers who are typically underserved by banks and traditional financial institutions.

Traction

VALUATION / MARKET CAP:

$8 M in 2017

NUMBER OF TRANSACTIONS:

1.6 K

TRANSACTIONS VALUE:

10 K

TRANSACTIONS COMMENT:

The maximum loan amount on Bitbond is currently $10,000. We have funded over 1,600 loans to borrowers located in over 80 countries, with a total loan volume just over $1 million.

ACTIVE USERS:

0.0100

ACTIVE USERS COMMENT:

The company claims that it has 90,000+ users and 1,700+ funded loans till now (May 2017).

People

FOUNDERS

Radoslav Albrecht

Jürgen Walter

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Alexander Graubner-Müller

Andreas Bodczek

Christian Vollmann

Hevella Capital

Janis Zech

Nelson Holzner

Obotritia Capital

Point Nine Capital

Saarbruecker 21

Sekip Can Gokalp

KEY EMPLOYEES:

Radoslav Albrecht(CEO); Moritz Cremer(CFO)

Robert Nasiadek

Momentum

FUNDED

YES

TOTAL FUNDING

$2.82 M

DATE OF LAST FUNDING

Jul 2019

TOTAL FUNDING COMMENT

The company is planning to use the fund from the debt financing to fund loans through its platform, and from equity investment to increase its product development and marketing efforts.

SEED & PRIOR FUNDING

$932.84 K

SEED CLOSED ON

Aug 2014

FUNDING SERIES

OTHERS  · $1.88 M · Sep 2018

DEBT FUNDING

$2.46 M

LISTED

NO

COMMENT

Venture capital: $1.2 M(Feb 2017) and Debt Financing: $5.58 M(May 2017)

Innovation Programs

BASICS

FOUNDING YEAR:

2013

LOCATION:

Germany

Views:

613 VISITORS | 1500 VIEWS
LATEST FUNDING ROUND

$2.82 M

TOTAL EMPLOYEES
11-50

About

Bitbond is a peer-to-peer bitcoin lending platform. Users can borrow bitcoins or lend bitcoins to other users. Bitbond conducts a credit rating for all borrowers before they can publish projects on its marketplace.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Bitbond is a peer-to-peer bitcoin lending platform. Users can borrow bitcoins or lend bitcoins to other users. Bitbond conducts a credit rating for all borrowers before they can publish projects on its marketplace.

Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack

Bitbond

About

Bitbond is a peer-to-peer bitcoin lending platform. Users can borrow bitcoins or lend bitcoins to other users. Bitbond conducts a credit rating for all borrowers before they can publish projects on its marketplace.

Focus

PRODUCTS & SERVICES

P2P lending, Global SME lending, Fixed income investments,

REVENUE MODEL

The company generates revenue from the origination fee which is applied once a loan is funded.

TOP PROBLEM SOLVED

- Bitbond makes global borrowing and investing possible. - Bitbond brings essential financial capabilities to everyone with an internet connection. Including the 2 billion adults in the world without access to a bank account. - Bitbond provides quick and affordable financing to SME's and Online sellers who are typically underserved by banks and traditional financial institutions.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRIMARY CUSTOMER TYPE

Small and Medium Business - Online Retail

Momentum

FUNDED

YES

TOTAL FUNDING:

$2.3 M

LISTED

NO

FUNDING SERIES
Seed --- USD2.3 M Comment on Seed Three funding rounds: Feb, 2017 $1.2M / Venture May, 2015 €600k / Angel Aug, 2014 €200k / Seed