Bitbond, a Berlin, Germany-based marketplace for bitcoin-based p2p loans, raised €200k in funding.
The company intends to use the funds to expand its user base and loan origination, grow its development team to improve the platform and add new features.
Co-founded by Radoslav Albrecht and Robert Nasiadek, Bitbond is global peer-to-peer bitcoin lending platform. It allows small businesses to get short term and long term bitcoin loans (subject to creditworthiness). Lenders can earn interest on their bitcoins by funding interesting projects from around the world.
Bitbond does a thorough borrower credit check so lenders can better assess the risk and return profile of projects.