Bitcoin Loan Platform BitLendingClub Receives €200K Seed Investment
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....
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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....
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....
Online bitcoin loans marketplace BitLendingClub has announced via a blog post that it has officially become the world's biggest bitcoin lending marketplace by servicing more than $430,000 worth of loans in June. With this, the company defeated its closest competitor BTCJam which served $415,000 for the same time period. However, the success didn't come to the company overnight, and they had been working hard for the past several months. The blog post reiterates company's commitment to improve in various areas namely, Loss Rates - The Company focused on bringing down the loss rates and....