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Bitbond offers loans to online sellers globally. Monthly interest rates start at 1.0%, terms range from 6 weeks to 5 years.
Bitbond is a peer-to-peer lending platform, where the loans are funded by other individuals. Prove your creditworthiness by connecting your online seller accounts.
|Platforms||Web Based / SaaS|
|Other Marketplaces||Mercado Libre|
Special offer for Web Retailer members. Get the details here.
Interest rates start at 1.0% per month, and there is an origination fee to be paid at loan disbursement of 1.0%-3.0% depending on the term of the loan.
Peer-to-peer lending platform Bitbond has closed a funding round of $1.2 million, bringing the company's total raised capital to $2.3 million.
Bitbond will use the additional funds for product development and growing its user base in markets which are underserved by traditional lenders
Founder & CEO of Bitbond Radoslav Albrecht said: "The additional resources will help us to continue realizing our mission which is to make lending and borrowing globally accessible. We are happy to have such experienced investors supporting us on this exciting journey."
Over 1,600 loans worth $1.2 million have been originated on Bitbond since its launch. 76,000 users from 120 countries are registered with the service. In October 2016 Bitbond received their own regulatory licence from German financial services regulator BaFin. This makes the service the only regulated blockchain-based financial services provider in the world.
Bitbond, based in Berlin, connects investors looking for above average fixed-income investment opportunities, with small business owners who need a loan. To make global cross-border lending possible, the platform uses bitcoin for payment processing.
Small business and ecommerce loans specialist Bitbond is now regulated by German financial regulator BaFin.
Bitbond is the first Bitcoin-based financial services provider to be licensed by BaFin.
Radoslav Albrecht, founder and CEO of Bitbond, said, "Our own licence helps us to fulfill our mission which is to make financing and investing globally accessible. This provides us with a significant efficiency advantage. Other Fintech startups normally rent a licence and by that are bound regionally. We are proud to be one of the first regulated financial services providers in the entire blockchain space."
Bitbond has users from over 120 countries and has originated over 1,400 loans to date. Most of the platform's borrowers are online sellers who sell on sites like eBay or Amazon. Bitbond conducts credit checks based on the revenue data of the merchants.
Germany is one of the few countries where there is a clear regulatory framework for blockchain (e.g. Bitcoin) based services.
Peer-to-peer lending platform Bitbond is offering a special discount to Web Retailer members looking for a loan.
Bitbond offers loans to online sellers globally. Monthly interest rates start at 1.0%, and terms range from 6 weeks to 5 years. Borrowers prove their creditworthiness by connecting their online seller accounts.
Bitbond is offering 30% off your first Bitbond loan, for sellers with more than 300 reviews on eBay or 300 orders on Amazon.
The offer is for Web Retailer members only. For details and the coupon code visit Web Retailer Special Offers.
Ecommerce loans specialist Bitbond has added an integration with Latin American marketplace MercadoLibre.
On Bitbond, sellers can now connect their MercadoLibre account to show their creditworthiness, and improve their rating on the site based on positive feedback received from buyers.
Active marketplace seller accounts are the best way to see if a borrower on Bitbond runs a successful business.
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The Supplier Says
A smarter way to get a business loan
Getting an affordable loan is difficult in many countries. This shouldn't be the case in the 21st century when so many people have access to the internet. Bitbond is dedicated to serve online sellers and provide them with the financing they need to grow their business.
Signing up with Bitbond is completely free and is done in seconds. Monthly rates start at 1.0% and terms range between 6 weeks and 5 years. We accept eBay, Amazon and MercadoLibre sellers from all over the world. In the future we will add further compatible marketplaces. Our credit check does not include hard credit inquiries. The check is based on information from the seller's accounts instead. Bitbond, 14 April 2016