BitLendingClub is a peer-to-peer Bitcoin lending platform. They help borrowers get Bitcoin loans online for the lowest rates and the lowest transaction fees. BLC, for short, relies on the free market and group wisdom to provide the most competitive interest rates. The lenders compete in a dutch auction style in order to assess the risk of each loan and offer the lowest possible rate for a given borrower. BitLendingClub boasts some of lowest fees in the industry at 1% of the loan value. The lending fees are paid by the borrower as part of the loan payments, which means that BLC does not make a commission on default loans. Furthermore, ther are no withdrawal fees, aside from the recommended BTC tip (roughly 0.0001 BTC). In essence, BLC only gets their commission when the borrower pays back the loan.
BitLendingClub was founded by Kiril Gantchev and Yasen Yankov in October of 2012. The website was officially launched on July 13, 2013. BitLendingClub, LLC registered in the State of Illinois.
Board of directors
- Kiril Gantchev- CEO
- Kiril Gantchev is a software engineer, Bitcoin investor and an entrepreneur. With over 7 years of experience in developing software and holding two degrees from DePaul University, a B.S. in Computer Games Development and an M.S. in Software Engineering, Kiril serves as the CEO of BitLendingClub and is responsible for developing a strategic business model, providing a clear vision for the company and promoting the platform.
- Yasen Yankov- CTO
- Yasen Yankov is a software engineer, entrepreneur and all-around technology guru. Yasen has over 7 years of software development experience in top tier companies, holds a BS in Computer Systems and Technology from the Technical University Sofia and is solely responsible for managing the development of BitLendingClub. Yasen manages all the aspects of the technical implementation of the platform and serves as the CTO of BitLendingClub.