BTCJam

BTCjam

Company type	Private
Industry	Financial services, Peer-to-peer lending, Cryptocurrency
Founded	2012
Defunct	2017
Headquarters	San Francisco , United States
Area served	Worldwide (over 120 countries)
Products	Peer-to-peer bitcoin loans

BTCjam operated as a peer-to-peer lending (P2P lending) marketplace that allowed individuals to borrow and lend using bitcoin. It primarily served users in regions without established credit score infrastructures, striving to provide affordable and accessible credit on a global scale. BTCJam earned recognition as the pioneering P2P lending platform to successfully operate across multiple countries.

The firm was part of the 500 Startups accelerator program and attracted funding from venture capital groups such as Ribbit Capital, Foundation Capital, and Pantera Capital. Through its platform, BTCJam facilitated bitcoin loans exceeding US$14 million spanning over 120 nations.

Operations were discontinued in 2017, with the company attributing the closure to complex regulatory environments internationally.

History

BTCjam was established in late 2012, with initial loan amounts averaging between US$400 and US$600 during its inaugural year.

In October 2013, the company joined the 500 Startups accelerator and secured seed investments from Ribbit Capital, 500 Startups, FundersClub, and Bitcoin Investment Trust.

By 2016, BTCjam had extended more than 16,000 loans across 121 countries, concentrating on markets with limited banking services. It became recognized as the largest microloan platform powered by bitcoin.

In March 2016, regulatory considerations compelled BTCjam to halt onboarding new clients from the United States.

The platform was fully closed in 2017, providing users an opportunity to retrieve their bitcoin balances prior to shutdown.

See also

• Comparison of crowdfunding services
• Disintermediation