Global Marketplace Lender Bitbond Joins SME Finance Forum
Berlin, Germany. Bitbond, the global marketplace lender for small business loans, has joined the SME Finance Forum. Through its membership Bitbond aims to exchange knowledge with other financial institutions in the SME lending community and to help foster innovation in the space.
Bitbond provides inclusive microfinance on a global scale. Over 1,200 loans with borrowers from 68 countries have been originated through the platform so far. 32% of the loan volume was originated in emerging markets like India, the Philippines, Indonesia, Brazil and many others. By using bitcoin and the blockchain as a payment network, Bitbond’s users don’t need a bank account in order to get a loan or to invest through Bitbond.