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BitLendingClub Investor Presentation

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BitLendingClub Pitch

BitLendingClub is the one-stop international Bitcoin crowd-lending platform. Lending in Bitcoin is plagued with fraud, so we set out to use groundbreaking technology in order to make Bitcoin lending a secure and sustainable reality. We take the necessary steps to protect lenders in order to allow them to invest freely. Borrowers now get the lowest possible interest rates that the fair market can offer and lenders compete to offer those interest rates. We are the first ever company to utilize smart property, made possible by the block-chain protocol, in order to eliminate the risk of borrower malfeasance.

Our platform reduces the risk of lending Bitcoin to people across the world by focusing on prevention, rather than collection. This has enabled our platform to achieve the lowest default rates in the Bitcoin lending industry, our default rate is about 2.59% (which is about 3 times lower than our biggest competitor).

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BitLendingClub Investor Presentation

  1. 1. BITCOIN CROWD-LENDING LIKE NEVER BEFORE! Kickstarter for Bitcoin loans bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  2. 2. Kiril Gantchev • CEO of BitLendingClub • Entrepreneur • Software Engineer • Startup Boot Camp, AdGooroo, Trading Technologies, Navigon • linkedin.com/in/kgantchev • angel.co/kgantchev bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  3. 3. Yasen Yankov • CTO of BitLendingClub • Entrepreneur • Software Engineer • eCommera, CISCO, Axway, Komfo • linkedin.com/in/yyankov • angel.co/yasen-yankov bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  4. 4. What’s so difficult about Bitcoin Loans? Anonymous • Who am I lending to? Unsecured • High risk of default International • Difficult to collect bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  5. 5. Difficult is not impossible! Identify users • Verify Identity • Connect via Social and Trusted sites Empower Investors • Information • Competition • Security Secure Loans • Smart Property • Smart Contracts bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  6. 6. What have we done? Built the MVP. Achieved product/market fit. 2300+ users 23% market share Demonstrated revenue. 589 Repaid Loans Merchant Fees Built a team: CEO/CTO 2 Developers 2 QA Engineers 1 Support/PR bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  7. 7. The Competition: BTCJam Advantage • Venture funded for $1.2 million • Early mover advantage • Larger market share (77%) • Bigger feature set • Higher profit margin (4% vs 2%) Disadvantage • Fees taken upfront • No secured loans • Inefficient interest rate discovery • Poor communication with community • Bad interface bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  8. 8. How is BitLendingClub better? • Fees collected from loan payments (2%) • Secured loans: integration with merchants/manufacturers • Interest rates discovered through free market • Stellar communication with community • CEO focuses on business, CTO on technology • Better interface bitlendingclub.com 8angel.co/bitlendingclub
  9. 9. But really… how much better? BTCJam since 2012 BitLendingClub since March 2014 19% ROI/Year 90% Repayment N/A Average APR $1.2 million funded per month 4,000+ loans repaid 23.5% ROI/Year 96% Repayment 440% Average APR $347K funded per month 594 loans repaid bitlendingclub.com 9angel.co/bitlendingclub
  10. 10. Current Market: Loan Volume BTCJam: over 4,000 loans repaid BLC: over 591 loans repaid 4,591 loans repaid bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  11. 11. Current Market: USD Volume/Month BTCJam: $1.2 million funded per month BLC: $347K funded per month $1.547 million funded per month bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  12. 12. Focus on GROWTH! Acquisition Activation Retention Revenue Referral bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  13. 13. Acquisition Statistics 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 Monthly User Visits 0 50,000 100,000 150,000 200,000 250,000 Monthly Page Views bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  14. 14. Acquisition Sources Feb 1, 2014 – Aug 1, 2014 New Users Direct 38.9% Organic 36.8% Referral 13.3% Social 10.9% Jul 1, 2014 – Aug 1, 2014 New Users Direct 44.9% Organic 31.2% Referral 15.2% Social 8.7% bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  15. 15. Activation Per Month 0 100 200 300 400 500 600 April May June July New Users 0 500 1000 1500 2000 2500 April May June July Total Users angel.co/bitlendingclub bitlendingclub.com founders@bitlendingclub.com
  16. 16. Retention Per Month 0 10 20 30 40 50 60 70 April May June July New Borrowers 0 20 40 60 80 100 120 140 April May June July New Lenders angel.co/bitlendingclub bitlendingclub.com founders@bitlendingclub.com
  17. 17. Revenue Statistics 8.927 BTC from loans ($5,200) 2.5-5% from integrated loans > 8.927 BTC bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  18. 18. Other Statistics 838 Funded Loans (1470 BTC) 594 Repaid Loans (897 BTC) 296 Loans Funded in July (1031 BTC) 33 Late Loans (46.86 BTC) 7 Repaid Late Loans (3.3 BTC) 3.93 % Default Rate 3.12 % BTC Loss 0 100 200 300 400 500 600 700 800 900 April May June July Average APR (44.66% Mining & 12.05% ATM) angel.co/bitlendingclub bitlendingclub.com founders@bitlendingclub.com
  19. 19. 24 Months Funding Needed 1.25 Million USD Sales MKTNGDev bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  20. 20. US Based Sales: Merchants and Manufactures Develop a partner acquisition pipeline Engage suitable merchants/manufacturers Close key contracts bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  21. 21. Overseas Dev Team Feature Roadmap Alternative Revenue Insurance Marketplace Notes Marketplace Fraud Prevention More tools for Investors Fraud Detection Systems API & Features Users Merchants bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  22. 22. US Based Marketing and PR Marketing • Run Advertisement Campaigns • Attend Bitcoin Conferences • Generate Marketing Materials PR • Increase Brand Recognition • Establish Relationships with Media • Generate Higher Quality Content bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  23. 23. Revenue Sources Repaid Loans 2% fees Partners 2.5-5% fees Insurance 1% fees Notes 1% fees bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  24. 24. Market Outlook • $269 million worth of mining hardware/year – Funding 10% of the mining is 540K in revenue – 2% partnership fee yields just over $1 million – Total: 1.54 million/year • Over 10 Bitcoin ATM manufacturers: – BitXATM alone sold 1000 ATMs at $6,000 per ATM – 2% of that is $120K in revenue just from BitXATM – 4% BTC partnership fee results in another $240K – $360K from each of the 8 of the 10 – Total: $2.88 million/year • Total: $4.42 million/year bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  25. 25. Additional Sources of Revenue Dev Effort Only • Insurance • Notes Sales and Marketing • ATM Floats • Arbitrage (e.g. LBC) • Derivatives Exchanges • Business Loans bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  26. 26. Current vs Expected Current Cost and Revenue Current Cost • $360 K/year Current Revenue • $144 K/year Expected Revenue in 2 Years Expected Cost • $625 K/year Expected Revenue • $4.42 mil/year bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub
  27. 27. Contacts for BLC Team Company angel.co/bitlendingclub.com founders@bitlendingclub.com Founders Kiril Gantchev (CEO): kiril@bitlendingclub.com Yasen Yankov (CTO): yasen@bitlendingclub.com bitlendingclub.com founders@bitlendingclub.comangel.co/bitlendingclub

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