Bitcoin peer-to-peer lending market Bitbond has secured €5m price of debt financing to fund loans on its platform.
The startup introduced right this moment that Obotritia Capital had dedicated the funds, in addition to buying a stake in Bitbond, though the phrases of that deal weren’t disclosed.
Bitbond mentioned it plans to use the newest financing to additional develop its community, with an eye fixed to reaching small enterprise and impartial sellers.
“The debt commitment by Obotritia brings Bitbond to the next level in our efforts to provide universal SME financing. The next step is to work with partners,” founder and CEO Radoslav Albrecht mentioned in a press release.
Funding picture through Shutterstock
Latest posts by Bits n Coins (see all)
- IRS Now Requires Tax Filers to Disclose Crypto Activities - December 9, 2019
- Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money - December 8, 2019
- SEC Approves Bitcoin Futures Fund - December 7, 2019