Coinlend, a Mannheim, Germany-based, globally active SaaS company that offers solutions for the automation and optimization of margin funding in the cryptocurrency sector, raised a six-figure funding round.
High-Tech Gründerfonds made the investment.
The company intends to use the funds to further accelerate growth and further strengthen its market position.
Led by Jan Pumpe, co-founder and managing director, Coinlend is a technology platform that automates, monitors and maximizes interest generation through margin funding – the secure financing of leveraged trading positions – in the cryptocurrency sector.
The major trading exchanges in the cryptocurrency sector offer their users the opportunity to lend their funds to day traders in the form of short-term loans in addition to the actual trading in crypto and fiat currencies. The traders use the borrowed funds for so-called margin trading and the lender receives interest for the provision of the capital.
Coinlend offers an online service that completely automates the lending process, optimizes interest income and saves the user of a lot of time and effort.
Once set up, the artificial intelligence behind Coinlend automates the creation of loans and optimises the user’s interest income. After entering the
API credentials of the desired exchange and defining the basic conditions (such as minimum interest rate, term, etc.), the technology starts its work and lends the user’s coins fully automated – at the best possible interest rate and around the clock.
Coinlend offers comprehensive statistics and evaluations on current loans and future developments.