Bitbond users can fill out a simple online application and receive their rating within 24 hours. Some applicants can qualify for instant financing on Bitbond and receive their funds only a few hours after signing up. The company does not run a hard credit score check on new applicants, but only evaluate data from the individual’s business accounts to calculate their rating.
The loans on Bitbond go up to €25,000 and are available to entrepreneurs all over the world.
With more than 33.000 users, 1,300 issued loans, and $0.54 Million in total loan volume, this German company is probably the third biggest player in the bitcoin lending business globally.