Bitbond, a Berlin, Germany-based blobal Bitcoin P2P lending platform, raised €600k in a second close of an angel funding round.
Backers included Florian Heinemann and Uwe Horstmann (Project A), Christian Vollmann (early investor in ResearchGate), and Felix Jahn (co-founder of Home24).
The company, which has raised €800k in total, will use the funds to expand its customer base and grow in emerging markets.
Launched in 2013 by CEO Radoslav Albrecht, Bitbond allows small businesses that need financing for their operations to list their loan request after completing a credit check. The loans are then funded by individual and institutional lenders who charge interest on their Bitcoins.
To date, the platform has processed over 600 loans with 10,000 registered customers from over 120 countries.