BitLendingClub - Revision history

NotATether: BitLendingClub — drop redundant discontinued ambox

2026-09-09T10:31:04Z

BitLendingClub — drop redundant discontinued ambox

← Older revision		Revision as of 10:31, 9 September 2026
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	{{ambox\|type=caution\|text='''Discontinued.''' BitLendingClub began winding down after a December 2016 announcement citing regulatory pressure in Bulgaria. Remaining loan and withdrawal functions were time-limited.}}
	{{infobox company\|name=BitLendingClub		{{infobox company\|name=BitLendingClub
	\|industry=Financial services / peer-to-peer lending		\|industry=Financial services / peer-to-peer lending

NotATether: BitLendingClub History — Dec 2016 Bulgaria wind-down; Defunct cats; drop bios

2026-09-09T08:32:49Z

BitLendingClub History — Dec 2016 Bulgaria wind-down; Defunct cats; drop bios

← Older revision		Revision as of 08:32, 9 September 2026
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	'''BitLendingClub''' was a peer-to-peer bitcoin lending platform. Borrowers sought bitcoin-denominated loans. Lenders competed in a Dutch-auction style process to set rates. The company described a fee model of about 1% of loan value paid by borrowers as loans were repaid.		'''BitLendingClub''' was a peer-to-peer bitcoin lending platform. Borrowers sought bitcoin-denominated loans. Lenders competed in a Dutch-auction style process to set rates. The company described a fee model of about 1% of loan value paid by borrowers as loans were repaid.

	==History ==		== History ==
	~~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~~.		Public materials associated founders Kiril Gantchev and Yasen Yankov with an October 2012 founding and a mid-2013 website launch. CoinDesk later described a May 2014 launch window and a seed investment from LAUNCHub later in 2014.<ref name="coindesk">[https://www.coindesk.com/markets/2016/12/02/bitcoin-loan-platform-bitlendingclub-to-shut-down CoinDesk: BitLendingClub to shut down (Dec 2016)]</ref> Corporate filings and reporting also placed the operating company in Bulgaria.

	=~~=Overview==~~		In early December 2016 the company emailed users and posted that rising regulatory pressure in Bulgaria made continued operation unfeasible. New registrations, loan requests, and similar growth features were to stop. Repayment and withdrawals were to remain for a limited wind-down period. Operators expected full termination after outstanding loans were repaid or written off, with estimates pointing toward mid-to-late 2017.<ref name="coindesk" /><ref>[https://www.crowdfundinsider.com/2016/12/93256-bitlendingclub-shut-claims-closure-caused-regulatory-pressure/ Crowdfund Insider: BitLendingClub shutdown notice summary]</ref>

			CEO Kiril Gantchev told CoinDesk that Bulgarian regulators had contacted the firm and that the resulting requirements made the platform unworkable, without detailing the discussions further.<ref name="coindesk" />

	==~~Board of directors~~==		== External links ==
	~~;Kiril Gantchev- CEO~~		* [https://www.coindesk.com/markets/2016/12/02/bitcoin-loan-platform-bitlendingclub-to-shut-down CoinDesk: BitLendingClub to shut down]
	:~~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~~		== References ==
	: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.		<references />

	==[~~https~~:~~//bitlendingclub.com/ Official website~~]==		[[Category:Defunct companies]]
			[[Category:Defunct services]]

	~~== See also ==~~
	* [http://en.wikipedia.org/wiki/Peer-to-peer_lending Peer-to-peer lending]

	~~== Further reading ==~~

	~~==External links==~~
	* [~~http://bitcoinexaminer.org/bitlendingclub-is-the-new-bitcoin-lending-platform/ Bitcoinexaminer.org]~~
	* [~~http~~:~~//bitcoinexaminer.org/bitlendingclub-is-the-new-bitcoin-lending-platform/ Thebitcoinchannel.com]~~

	~~==Competitors==~~
	*[[BTCJam.com]]
	*[[Bitbond.net]]

NotATether: BitLendingClub — discontinued ambox + past-tense lead

2026-09-09T08:03:54Z

BitLendingClub — discontinued ambox + past-tense lead

← Older revision		Revision as of 08:03, 9 September 2026
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	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~~.		{{ambox\|type=caution\|text='''Discontinued.''' BitLendingClub began winding down after a December 2016 announcement citing regulatory pressure in Bulgaria. Remaining loan and withdrawal functions were time-limited.}}
	{{~~Infobox~~ company		{{infobox company\|name=BitLendingClub
	\| name = BitLendingClub		\|industry=Financial services / peer-to-peer lending
	\| ~~image~~ = ~~[[File:Logo~~-~~blc~~-~~color.png\|thumb]]~~		\|founder=Kiril Gantchev, Yasen Yankov
	~~\| logo_caption =~~		\|foundation=2012–2013
	~~\| type = Privately held company\|Private~~		\|defunct=announced December 2016 (wind-down into 2017)
	~~\| industry = Financial Services~~		\|headquarters=Sofia, Bulgaria (later) / Chicago origins noted in older materials
	\| founder = Kiril Gantchev, ~~CEO;~~ Yasen Yankov~~, CTO~~
	\| ~~location~~ = ~~Chicago, Illinois~~
	\| ~~homepage~~ = -~~- {{URL:bitlendingclub.com}}~~
	\| ~~footnotes =~~
	~~\| intl =~~
	~~\| bodystyle~~ =
	}}		}}

			'''BitLendingClub''' was a peer-to-peer bitcoin lending platform. Borrowers sought bitcoin-denominated loans. Lenders competed in a Dutch-auction style process to set rates. The company described a fee model of about 1% of loan value paid by borrowers as loans were repaid.

	==History ==		==History ==

BitLendingClub at 12:23, 23 May 2014

2014-05-23T12:23:55Z

← Older revision		Revision as of 12:23, 23 May 2014
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	;Yasen Yankov- CTO		;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.		: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.

			==[https://bitlendingclub.com/ Official website]==


	== See also ==		== See also ==

BitLendingClub at 12:22, 23 May 2014

2014-05-23T12:22:37Z

← Older revision		Revision as of 12:22, 23 May 2014
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	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 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.
	{{Infobox company		{{Infobox company
	\| name = BitLendingClub		\| name = BitLendingClub
Line 8:		Line 8:
	\| founder = Kiril Gantchev, CEO; Yasen Yankov, CTO		\| founder = Kiril Gantchev, CEO; Yasen Yankov, CTO
	\| location = Chicago, Illinois		\| location = Chicago, Illinois
	\| homepage = -- {{URL\|bitlendingclub.com}}		\| homepage = -- {{URL:bitlendingclub.com}}
	\| footnotes =		\| footnotes =
	\| intl =		\| intl =

BitLendingClub at 12:19, 23 May 2014

2014-05-23T12:19:11Z

← Older revision		Revision as of 12:19, 23 May 2014
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	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 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.
	{{Infobox company		{{Infobox company
	\| name = BitLendingClub		\| name = BitLendingClub

BitLendingClub at 15:24, 9 May 2014

2014-05-09T15:24:29Z

← Older revision		Revision as of 15:24, 9 May 2014
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	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 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.
			{{Infobox company
			\| name = BitLendingClub
			\| image = [[File:Logo-blc-color.png\|thumb]]
			\| logo_caption =
			\| type = Privately held company\|Private
			\| industry = Financial Services
			\| founder = Kiril Gantchev, CEO; Yasen Yankov, CTO
			\| location = Chicago, Illinois
			\| homepage = -- {{URL\|bitlendingclub.com}}
			\| footnotes =
			\| intl =
			\| bodystyle =
			}}


	==History ==		==History ==

BitLendingClub at 09:09, 9 May 2014

2014-05-09T09:09:07Z

← Older revision		Revision as of 09:09, 9 May 2014
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	==History ==		==History ==
	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.		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.

			==Overview==



	==Board of directors==		==Board of directors==

BitLendingClub at 11:44, 7 May 2014

2014-05-07T11:44:31Z

← Older revision		Revision as of 11:44, 7 May 2014
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	== See also ==		== See also ==
			* [http://en.wikipedia.org/wiki/Peer-to-peer_lending Peer-to-peer lending]

	== Further reading ==		== Further reading ==

BitLendingClub at 11:43, 7 May 2014

2014-05-07T11:43:17Z

← Older revision		Revision as of 11:43, 7 May 2014
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	==External links==		==External links==
	* [ http://bitcoinexaminer.org/bitlendingclub-is-the-new-bitcoin-lending-platform/ Bitcoinexaminer.org]		* [http://bitcoinexaminer.org/bitlendingclub-is-the-new-bitcoin-lending-platform/ Bitcoinexaminer.org]
	* [ http://bitcoinexaminer.org/bitlendingclub-is-the-new-bitcoin-lending-platform/ Thebitcoinchannel.com]		* [http://bitcoinexaminer.org/bitlendingclub-is-the-new-bitcoin-lending-platform/ Thebitcoinchannel.com]

	==Competitors==		==Competitors==
	*[[BTCJam.com]]		*[[BTCJam.com]]
	*[[Bitbond.net]]		*[[Bitbond.net]]