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Bitbond offers instant loans of up to 25,000 €/$ to online sellers globally. Monthly interest rates start at 1.0%, with terms ranging from 6 weeks to 3 years.
Bitbond is a peer-to-peer lending platform, where the loans are funded by other individuals. Over the last 4 years Bitbond has funded over 1,800 loans with a total value over $2 million.
Online selling history on eBay, Amazon, Etsy, Shopify and more can be used to qualify for a loan.
|Platforms||Web Based / SaaS|
|Other Marketplaces||Etsy, 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.
Lending platform Bitbond has received a commitment from Obotritia Capital to fund loans worth €5 million through its platform.
With the debt commitment, SME loans from European prime borrowers will be funded instantly on Bitbond, reducing the time it takes for business owners to apply and receive a loan to 30 minutes.
Obotritia also invested an undisclosed amount of equity to acquire a stake in Bitbond. The investment will be used by Bitbond for further product development and marketing. Bitbond plans to continue growing its user base with online sellers and small businesses who need working capital financing.
Over 1,700 loans worth €1.4 million were originated through Bitbond since its launch in 2013. 90,000 users from 120 countries have registered with the service to date.
Founder & CEO of Bitbond Radoslav Albrecht said: "The debt commitment by Obotritia brings Bitbond to the next level in our efforts to provide universal SME financing. The next step is to work with partners. Such partners could be online marketplaces who want to add value to their platforms by giving their merchants access to instant cash through Bitbond."
Most of the platform's borrowers are online sellers who run their shops on e-commerce marketplaces like eBay, Amazon or Etsy.
Small business and ecommerce loans specialist Bitbond is joining forces with African payment services provider BitPesa.
Bitbond, based in Berlin, Germany, connects investors with small business owners who need loans, using bitcoin for payment processing to make cross-border lending possible.
By working with BitPesa, borrowers who receive funding on Bitbond can now have their loan paid out directly to a mobile device or bank account. The integration between Bitbond and BitPesa is now live in Kenya, Nigeria, Uganda and Tanzania.
Founder and CEO of Bitbond Radoslav Albrecht said: "10% of our global user base comes from Sub-Saharan Africa. We are excited to work with BitPesa in this region because there is a huge unmet demand for small business financing. Together with BitPesa, we can significantly improve our service. This means that a small business owner from Kenya can receive loan funding from investors from all over the world via Bitbond and have the funds paid out to his mobile money account in 20 minutes. This is an unprecedented level of innovation and convenience in the entire online lending space."
Bitbond is the first global marketplace lending platform for small business loans, with users from over 120 countries.
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 3 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, 19 July 2017