Bitcoin P2P Lending Platform BitLendingClub Gains €200K Seed Funding
BitLendingClub, a Bulgarian Bitcoin crowd lending platform, has announced that they have received a €200,000 seed investment from the European VC fund LAUNCHub. Launchub is a seed fund that invests in European digital startups. BitLendingClub is a peer-to-peer platform that allows Bitcoin lenders to lend Bitcoin borrowers. Loans are offered to borrowers when the interest rate drops to a low enough rate to meet their needs. The Dutch Auction system helps establish an equilibrium interest rate that is beneficial to both parties. The company has partnered with Jumio, a document verification....
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Bitcoin crowd-lending platform BitLendingClub has just announced a €200,000 ($253,336) seed investment from European VC fund LAUNCHub. The Bulgaria-based company says the funding round will help the company expand and allow it to establish new headquarters in San Francisco. BitLendingClub's co-founder and CEO Kiril Gantchev told CoinDesk: "The funding is an extremely important milestone for BitLendingClub. It has allowed us to validate our idea and to increase our efforts in the development of our platform." LAUNCHub is a seed fund, based in Bulgaria, that invests in Southeast and Central....
Bitcoinist.net sat down with a Q&A of Jan Heinicke-Clemm of Genesis Mining and BitLendingClub CEO Kiril Gantchev, to discuss their new partnership. What is BitlendingClub? BitLendingClub is an international peer-to-peer crowd lending platform. The platform allows borrowers from all over the world to request a Bitcoin loan. Lenders compete to offer the lowest possible interest rate for the loan and once the lenders have invested enough BTC to fund 100% of the loan, then the borrower can reject or accept the loan offer. By allowing the lenders to compete to offer a lower interest rate,....
Bitcoin-based P2P loans company BitLendingClub has officially announced its closing operations. The startup announced its departure via its blog, stating “regulatory pressures” forced the decision. BitLendingClub Shutting Down Due to Regulations. In a letter to customers on December 1, the company BitLendingClub advised it will be shutting down. The....
Peer-to-peer bitcoin lending platform BitLendingClub has announced that it is shutting down next year. First detailed in an email to users and later a blog post on its website, BitLendingClub said that "regulatory pressure" in Bulgaria, where the site is based, had driven the site to close. While the platform's operators weren't clear on exactly when the site would begin to shut down, the team behind the service said that it would disable registrations and loan requests "sometime next week". Full closure is expected sometime in August of next year, before which time the....
Peer-to-peer bitcoin lending company Bitbond has closed a €600,000 angel investment round, raising its total funding to €800,000. The company, which launched in June 2013, received funds from its seed investor, Point Nine Capital and business angels, including Christian Vollmann, an early investor in ResearchGate. Radoslav Albrecht, founder and CEO at BitBond, said: