Lugano - December 23, 2024 - Debifi, the leading platform for secure, non-custodial Bitcoin-backed lending solutions, is pleased to announce the successful closure of its seed round. Led by Timechain, this round brings together a diverse group of esteemed investors and visionary individuals who share Debifi's commitment to transforming the Bitcoin lending market.
Empowering Bitcoin Holders: “Don’t Sell, Borrow”
Debifi’s mission is deeply aligned with the principles of long-term Bitcoin holders. As Michael Saylor famously said:
“Bitcoin is a long-term asset, and the key to preserving its value is to never sell it.”
Key Participants in the Investment Round
- Lead Investor: Timechain
- Other Participating Investors:
○ Axiom BTC Capital
○ Fulgur Ventures
○ Plan B Fund
○ Epoch VC
○ Cep Private Equity
○ Exodus I GmbH
○ Willy Woo
○ Brad Mills
○ Chris Hunter
○ Giacomo Zucco
Investors’ Perspective
Alexander Mann, Partner at Timechain: “At Timechain we are delighted to be leading the seed round for Debifi. As we have seen, Bitcoin backed loans are easy to get wrong. Therefore, it is important to architect a solution with integrity and Debifi, a true pioneer in the space, have done exactly that. We expect their implementation to become the standard, globally.“
Allen Farrington, Partner at Axiom BTC Capital: “Bitcoin is gradually becoming integrated into capital markets, and Debifi is well-positioned to capitalize on this shift, if not drive it forward. Their approach to scaling up the overcollateralized Bitcoin-backed lending market is thrilling to Axiom, and we are proud to support their journey.”
Eric Yakes, Epoch VC: "Bitcoin lending will be one of the most rapidly growing markets in the world and Debifi provides a solution in the goldilocks zone with ideal UX and ideal counterparty assurances."
Willy Woo
“Bitcoin is the world's fastest growing asset, both in adoption and in returns. With a return profile that easily outstrips the cost of borrowing by a factor of 8x, holders want borrow against their BTC rather than selling. My investment in Debifi is a vote towards building robust BTC loan infrastructure without rehypothecation.”
Debifi’s Vision
Max Keidun, CEO of Debifi, expressed his excitement over this milestone:
"Debifi’s mission is to revolutionize Bitcoin-backed lending by making it secure, transparent, and globally accessible.
We are happy to successfully close our seed round. Although Debifi.com is at the very beginning of its journey, we already have solid results and have been generating revenue since week one of our launch. This fundraiser will help us speed up our development, promote our solution and more importantly launch new Bitcoin-backed credit products. Some of them are already coming out of stealth mode in Q1 2025.
Our vision for Debifi is that there is a need to match institutional liquidity with Bitcoin holders all over the world and we are working relentlessly to make this vision come true. We believe that there is a need for non-custodial, no-rehypothecation Bitcoin-only lending solutions, and we are here to ensure that we can provide the best service on the market. Bitcoin lending must be transparent and globally accessible.
Bitcoin is a super collateral, and we want to put every lender on Bitcoin standard by providing them with a simple, non-custodial lending solution. And of course we want to ensure that Bitcoin holders have options not to sell their Bitcoin and keep holding.
Strategic Use of Funds
The raised capital will support several strategic priorities:
- Team Growth: Expand technical and business development teams to meet growing demand.
- Market Expansion: Establish a presence in new markets globally.
- Product Innovation: Launch new Bitcoin-backed credit products, focusing on non-custodial and no-rehypothecation solutions.
- Marketing Initiatives: Drive awareness and user adoption through targeted campaigns.
Impressive Market Traction
Since its beta launch, Debifi has demonstrated remarkable growth:
- Loan originations have doubled every quarter, both in quantity and size.
- The launch of the Debifi iOS app accelerated growth further, showing 2x monthly user expansion in recent months.
Institutional Lender Growth
- During the last quarter, we observed a 4.5x increase in requests from institutional lenders.
- Additionally, our onboarding rate surged by 250% compared to Q3.
Broader Market Alignment
As the financial world increasingly embraces Bitcoin, Debifi is strategically positioned to capitalize on key trends:
1. Bitcoin as a “Super Collateral”:
○ With Bitcoin’s price appreciation, holders are seeking alternatives to selling their assets, preferring to borrow against them instead.
2. Institutional Adoption of Bitcoin:
○ A growing number of corporations are adding Bitcoin to their balance sheets, recognizing its unmatched qualities as collateral for borrowing.
What’s Next for Debifi
Debifi plans to launch a suite of groundbreaking Bitcoin-backed credit products, coming out of stealth mode in early 2025. These products will redefine the standard for non-custodial lending, further cementing Debifi’s reputation as a pioneer in the industry.
For more information on Debifi’s solutions or to learn about investment opportunities, visit Debifi.com.
About Debifi
Debifi is a non-custodial lending platform designed to unlock Bitcoin's true potential as a superior form of collateral. Through secure multisig escrow arrangements and a focus on transparency, Debifi provides unmatched borrowing solutions for individuals and institutions alike. Founded by Bitcoin industry leaders, Debifi is setting the standard for Bitcoin-only lending.
Press release URL: https://debifi.com/publications/funding-round-success
Our social media: https://x.com/debificom and https://linkedin.com/company/debifi
Media Contact
Company Name: Debifi SA
Contact Person: Sergejs Ponomarjovs PR & Media Relations
Email: Send Email
Country: Switzerland
Website: https://debifi.com
