Peer-to-peer bitcoin lending company Bitbond has closed a €600,000 angel investment round, raising its total funding to €800,000.

The company, which launched in June 2013, received funds from its seed investor, Point Nine Capital and business angels, including Christian Vollmann, an early investor in ResearchGate.

Radoslav Albrecht, founder and CEO at BitBond, said:

"The additional resources will help us to continue realising our mission which is to make lending and borrowing globally accessible. We are happy to have such experienced investors supporting us on this exciting journey.”

According to a statement issued by the platform, Bitbond has processed 600 loans to date and it currently has 10,000 users from over 120 different countries.

In August last year, the company secured €200,000 in seed funding.

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