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bitlendingclub.com

Stage

Dead | Dead

Total Raised

$360K

About Loanbase

Loanbase, also known as BitLendingClub, is a peer-to-peer Bitcoin lending platform. The company helps borrowers get Bitcoin loans online for the most competitive rates and the lowest transaction fees. BitLendingClub uses the force of the free market and group wisdom to provide the lowest interest rates. The lenders compete in a dutch auction style in order to assess the risk of each loan and offer the lowest possible rate for a given borrower.

Loanbase Headquarter Location

415 N La Salle Dr. Suite 401

Chicago, Illinois, 60654,

United States

773-270-3748

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Research containing Loanbase

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Loanbase in 1 CB Insights research brief, most recently on Apr 13, 2022.

Expert Collections containing Loanbase

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Loanbase is included in 3 Expert Collections, including Blockchain.

B

Blockchain

4,080 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

D

Digital Lending

1,511 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

F

Fintech

7,344 items

US-based companies

Latest Loanbase News

Bitcoin Lender BitLendingClub to Shut Down, Blames Regulatory Pressure

Dec 3, 2016

Twitter Linkedin Facebook Reddit Weibo BitLendingClub has decided to close its service designed to help small businesses in emerging markets due to regulatory pressures, the company informed customers in a blog on its website. The blog noted the company worked hard to build a platform to provide the greatly needed service. The blog did not expand on what regulatory pressures it was facing. Limited Functionality To Begin The company, which launched two years ago, will maintain minimal functionality in the near term to allow existing users to repay loans and withdraw their funds. The restricted functionality will begin next week, although a specific date was not given. The team noted it would advise users when the change occurs by email. The platform will be operational with limited functionality for 30 days after loans are either repaid or have defaulted. The expected termination date is August of 2017. Customers have up to 30 days to withdraw funds after the last loan is repaid or marked as written off. “We recommend that you begin withdrawing your funds immediately,” the blog stated. The platform, which began in Bulgaria in 2014, was developed to provide small businesses in emerging markets access to capital at affordable rates from lenders across the globe. BitLendingClub leveraged blockchain technology to bring financial innovation to these businesses. In October of 2014, BitLendingClub received a €200,000 seed investment from the European venture capital fund LAUNCHub. What About Loanbase? The status of Loanbase , a BitLendingClub offshoot, was not addressed on either organization’s website. In September, BitLendingClub rebranded itself as Loanbase. BitLendingClub posted a blog about the rebranding and said it was part of an effort to bring the benefits of bitcoin to the general public, without them having to know anything about the technology. Loanbase posted a notice on Facebook in September stating that “BitLendingClub is back again.” It said all bitcoin-related loans would be handled through the BitLendingClub domain while the Loanbase platform would become the default product on the Loanbase domain. The Loanbase website currently notes that its platform is designed for small- and medium-sized businesses in Latin America, with an initial focus on Brazil. Loanbase announced on Nov. 26 that it has collection agencies in more than 90 countries. Image from Shutterstock.

  • Where is Loanbase's headquarters?

    Loanbase's headquarters is located at 415 N La Salle Dr., Chicago.

  • What is Loanbase's latest funding round?

    Loanbase's latest funding round is Dead.

  • How much did Loanbase raise?

    Loanbase raised a total of $360K.

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