# BTCjam: Financial services, San Francisco, United States

> BTCjam: BTCJam was a peer-to-peer Bitcoin lending platform based in San Francisco, founded in 2012. Based in San Francisco, United States. Founded 2012.

Source: https://millionrounds.com/startup/btcjam (Millionrounds; every figure on the page links to its filing or article)

United States · [Financial services startup](https://millionrounds.com/companies)

# BTCjam

BTCJam was a peer-to-peer Bitcoin lending platform based in San Francisco, founded in 2012.

Funding reported Last round: Series A

Financial services San Francisco, United States

Company summary

- **Founded:** 2012 14 years old
- **Team:** 6 1 to 10 people
- **Funding reported:** $10M in dollars
- **Last round:** Series A Oct 2015

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for BTCjam has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About BTCjam

BTCJam was a peer-to-peer Bitcoin lending platform based in San Francisco, founded in 2012.

It connected borrowers and lenders globally, focusing on unbanked regions and emerging markets. The platform allowed individuals to borrow and lend Bitcoin directly, bypassing traditional banking systems. BTCJam aimed to make credit accessible, especially in areas lacking local credit score systems. The company facilitated over $11 million in loans through thousands of transactions, serving more than 100,000 users across 200+ countries. It utilized a proprietary algorithm to assess borrowers' creditworthiness using various data sources, including social media and e-commerce history. BTCJam charged transaction fees and emphasized Bitcoin to operate without fiat lending licenses. The platform was recognized as the first P2P lending service to successfully operate across national borders and was the largest Bitcoin-powered microloan site by 2016. BTCJam ceased operations around 2015-2017 due to regulatory challenges.

## What company datasets say BTCjam raised

Funding, as reported

Reported in all **$10M** in dollars

Last round **Series A**

Last round size **$1.9M**

Last round date **Oct 2015**

## The company, in detail

What they build

Known for

information technology & services financial services finance investment information technology peer-to-peer bitcoin b2c fintech lending internet loans cryptocurrency finance technology

Built with from their website

Google Workspace Amazon AWS Sendgrid AI Google Meet Deel Twilio SendGrid Email Marketing Campaigns Remote AWS Cloud Twilio SendGrid Email API

+3 more

Amazon Route 53 Android Gmail

- **Sector:** Financial services
- **Industry code:** NAICS 522310, SIC 6199
- **Region:** California
- **Revenue:** $3.2M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/btcjam)

## Financial services in United States

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- [**Alpaca** San Mateo · founded 2017 *Raised*](https://millionrounds.com/company/alpaca)

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