Applications close Friday, Jan 26
Bitbond is the first global marketplace lending platform for small business loans. The platform leverages blockchain technology for payment processing to connect creditworthy borrowers with institutional as well as retail investors across the world. Small business owners who apply for a loan through Bitbond connect several business accounts like payments accounts, accounting software or bank accounts. Bitbond scores applicants automatically with a machine learning algorithm within 30 minutes. In October 2016 Bitbond received their own regulatory license by German financial services supervisor BaFin which makes Bitbond one of the few fully regulated and licensed blockchain based financial services providers.