Loanbase - The Internet killed paper publishers, travel agents, cab drivers and dozens of other industries. Who's next? Traditional lenders! The US financial system is one of the most efficient in the world, yet Lending Club was a...
See More ble to disrupt it, becoming one of the most successful companies in the space. Lending Club was only focusing on the US market, but there is a massive global opportunity for a lending marketplace! It requires the right technology, deep domain understanding and team of experienced professionals, Loanbase is that solution! The existing institutions are failing to provide millions of small businesses across the world with access to short term loans at affordable rates. Loanbase is a global lending marketplace which uses blockchain technology, which provides borrowers with access to funds at affordable rates from retail lenders across the globe. This allows us to service emerging markets, an idea which was practically impossible before Bitcoin. In the past year our team has facilitated over 8,000 loans, worth more than $6 million dollars, originating from 70 countries. Unlike other platforms, Loanbase allows borrowers and lenders to transact in their local currency, without being exposed to the volatility of Bitcoin. In addition, we only collect our fees from the loan repayments, so we don't profit from defaults. Loanbase leverages blockchain technology in order to bring financial innovation to the emerging markets.