Bitbond

cryptocurrencyblockchain

FOUNDING YEAR: 2013
LOCATION: Germany
Last Update: 19/01/2021

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About

Bitbond radically improves the issuance, settlement and custody of bonds with the help of blockchain technology and tokenization.

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

COMPANY TYPE:

For Profit

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

BOARD MEMBERS AND ADVISORS

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

Alexander Müller

KEY EMPLOYEES:

Radoslav Albrecht(CEO); Moritz Cremer(CFO)

Robert Nasiadek

Momentum

FUNDED

NO

NUMBER OF FUNDING ROUNDS

4

TOTAL FUNDING

$2.82 M

DATE OF LAST FUNDING

Jul 2019

IPO STATUS

Private

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.

ESTIMETED REVENUE RANGE

Less than $1M

SEED & PRIOR FUNDING

$932.84 K

SEED CLOSED ON

Aug 2014

DEBT FUNDING

$2.46 M

LISTED

NO

COMMENT

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

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

20,477

AVERAGE VISITS (6 MONTHS)

35,791.82

MONTHLY VISITS GROWTH

-27.38%

VISIT DURATION

217

VISIT DURATION GROWTH

251.91%

PAGE VIEWS VISIT

2.68

PAGE VIEWS VISIT GROWTH

2.29%

BOUNCE RATE

71.49%

BOUNCE RATE GROWTH

2.38%

GLOBAL TRAFFIC RANK

856,120

MONTHLY RANK CHANGE

-49,834

MONTHLY RANK GROWTH

-5.5%

Innovation Programs

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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

Traction

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/ACCOUNTS:

76,000 Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Marketing, Partnerships, Business Development

CHANNEL STATUS

MULTIPLE CHANNELS

People

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Christian Vollmann

Nelson Holzner

Point Nine Capital

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

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