Lendasat
Lendasat operates a non-custodial peer-to-peer Bitcoin-backed lending marketplace where borrowers lock BTC in a 2-of-3 multisig escrow to receive stablecoins, fiat, or virtual card funds, while lenders earn yield on overcollateralized loans. It serves Bitcoin holders seeking liquidity and stablecoin/fiat holders seeking yield, across multiple chains and currencies.
- Company typePrivate
- Founded-
- HeadquartersDover, United States
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What Lendasat does
Lendasat is a private Delaware C Corporation operating a non-custodial peer-to-peer Bitcoin-backed lending marketplace. Borrowers lock Bitcoin as collateral in a 2-of-3 multisig escrow shared between borrower, lender, and Lendasat (acting only as neutral arbitrator for dispute resolution) and receive liquidity in stablecoins (USDC, USDT), fiat (EUR, USD, GBP), or via a virtual Visa card powered by Moon. Lenders — typically stablecoin or fiat holders — set their own APR, LTV, and duration terms on the platform and can earn up to 10% APY on overcollateralized loans, with Lendasat alerting at 80%/85% LTV and giving the lender control over liquidation after 90% LTV. The platform is supported across Polygon, Ethereum, Solana, Starknet, and Liquid Network, and offers programmatic borrower and lender access via documented REST APIs (OpenAPI 3.1, v0.8.11). The product surface extends beyond the core P2P Loans marketplace to include LendaSwap (instant BTC to stablecoin swaps via Lightning and Arkade) and a Virtual Card spend product.
Lendasat monetizes transactionally through three fees deducted from collateral: a 1.5% origination fee, up to 5% liquidation fee, and 0.5% renewal fee for extensions, with no KYC required for core functionality. Go-to-market is product-led and community-driven: self-service web portals (borrow.lendasat.com, lend.lendasat.com), an open-source Doomsday Recovery Tool (GitHub), Discord community channels, and documentation at docs.lendasat.com. The company maintains an extensive geographic-restriction list covering the US, EU, and ~50 sanctioned or high-risk jurisdictions, while positioning itself to a global Bitcoin-holder audience characterized as 'sovereign individuals,' 'Bitcoin Hodlers,' and 'Yield Seekers' rather than to institutional customers. The platform claims 3,120+ 'supporters' on its homepage and identifies partner ecosystem relationships with Satora, Bringin.xyz, Ark Labs, Boltz, BlitzWallet, and Moon. Reporting is private, headcount is reported only in a 1-10 band, no venture funding rounds are disclosed, and revenue is not publicly reported.
Lendasat firmographics
Firmographics- Name
- Lendasat
- Legal name
- Lendasat Inc.
- Website
- https://lendasat.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Lendasat operates a non-custodial peer-to-peer Bitcoin-backed lending marketplace where borrowers lock BTC in a 2-of-3 multisig escrow to receive stablecoins, fiat, or virtual card funds, while lenders earn yield on overcollateralized loans. It serves Bitcoin holders seeking liquidity and stablecoin/fiat holders seeking yield, across multiple chains and currencies.
- Ownership category
- akta.pro rank
Lendasat industry classification
Industry- Product category
- Cryptocurrency Lending
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Decentralized Lending & Credit Markets (overcollateralized/undercollateralized, P2P) (FSAPAEAA)
- akta.pro secondary industries
- Crypto-Backed Consumer Loans (Secured) (FSADAFAG), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where Lendasat is headquartered
LocationHeadquarters
- HQ city
- Dover
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Lendasat business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure
Revenue model
- Origination Fee: 1.5% one-time fee charged on the loan amount when the loan is either repaid or liquidated. Calculated based on Bitcoin price at origination and deducted from collateral.
- Liquidation Fee: Up to 5% of collateral value charged only when liquidation occurs. Triggered by lender after 90% LTV threshold is reached. In addition to origination fee.
- Renewal Fee: 0.5% of loan amount charged when a borrower extends/renews an existing loan with the same lender. In addition to interest charges for extended period.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Borrower Platform Access |
| Transaction based/ take rate | Pay-as-you-go | Lender Platform Access |
| Transaction based/ take rate | Pay-as-you-go | Virtual Card Fees |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Lendasat product offering
Product offeringCore offering
Lendasat operates a non-custodial peer-to-peer lending marketplace where borrowers lock Bitcoin as collateral in a 2-of-3 multisig escrow and receive funds in stablecoins, fiat, or via a virtual Visa card, while lenders earn yield on overcollateralized loans. The platform supports multiple blockchain networks and currencies, with REST APIs for programmatic access, automated LTV monitoring, and a Doomsday recovery tool ensuring collateral can be recovered cooperatively even if the company disappears.
Product overview
Lendasat is a Bitcoin-backed peer-to-peer lending platform with a modular product architecture. The core offering is the P2P Loans marketplace where borrowers borrow against Bitcoin collateral and lenders earn yields. This is complemented by LendaSwap for Lightning and Arkade-based swaps, the Virtual Card (powered by Moon) for instant spending, and programmatic access via Borrower and Lender REST APIs. The Doomsday Recovery Tool provides a non-custodial fail-safe for fund recovery. The platform supports stablecoin (USDC/USDT), fiat (EUR/USD/GBP), and virtual card disbursements across multiple blockchain networks.
Differentiator
Problem solved
Functional benefit
Products and services
- Lendasat P2P Loans Core peer-to-peer lending marketplace connecting borrowers who lock Bitcoin as collateral in a 2-of-3 multisig escrow with lenders seeking yield. Borrowers receive funds in stablecoins, fiat, or via virtual card; lenders earn up to 10% APY on overcollateralized loans.
- LendaSwap Feature enabling instant, trustless Bitcoin to stablecoin swaps using Lightning Network and Arkade Layer 2 protocols.
- Lendasat Virtual Card Virtual Visa Card powered by Moon for instant spending of Bitcoin-backed loans. Card is funded via USDC on Polygon and can be used at online merchants worldwide wherever Visa is accepted.
- Borrower API REST API enabling developers to programmatically register users, create contract requests, manage open contracts, query loan offers, and handle collateral and repayments for borrowing operations.
- Lender API REST API enabling developers to programmatically create and manage loan offers, monitor lending positions, track returns and performance, and handle contract settlements for lending operations. Supports automated lending strategies, bulk offer creation, portfolio management, and webhook notifications for institutional lenders.
Quantifiable outcome
- Borrowers can access 5%-75% of their Bitcoin value as cash
- +3 more outcomes
Companies that use Lendasat
Customer profileSegments4 records
Ideal customer profiles3 records
Lendasat technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
Lendasat partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- SatoracoreSatora is listed as a partner with a swap integration. Users can access Satora swap functionality through the Lendasat platform via app.satora.io for instant, trustless Bitcoin to stablecoin swaps with Lightning and Arkade support.
- Bringin.xyzcoreBringin.xyz integration enables EUR-denominated borrowing. Borrowers can receive loans in euros to their personal vIBAN. Repayments are made in USDC on Polygon. One-time setup required to connect Bringin account to Lendasat.
- Ark LabscoreArk Labs is a Bitcoin infrastructure company that launched Arkade, a Bitcoin scaling layer. Lendasat's team has background in Ark development. The partnership enables support for Lightning and Arkade in Satora swaps.
- MooncoreMoon provides the virtual Visa card infrastructure for Lendasat's Virtual Card feature. Cards are powered by Moon and accepted at merchants worldwide wherever Visa is accepted. Currently only available in USDC on Polygon.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Lendasat competitors and assessment
Company assessmentBroad incumbents
- YouHodler: Centralized crypto lending platform with BTC-backed loans, multi-crypto yield, and fiat on-ramps. Comparable borrower/lender use cases (BTC holders, fiat/stablecoin lenders) on the centralized side of the spectrum.
- Compound: Pioneer DeFi money market protocol supporting BTC via wBTC/cbBTC. Competes for capital allocator demand that Lendasat targets via its P2P lender pool, with deep liquidity and audited contracts.
- Aave: Largest decentralized lending protocol supporting BTC collateral via wBTC, tBTC, and cbBTC markets. Competes for the same BTC-credit demand as Lendasat but operates via pooled, smart-contract liquidity with EVM-first users.
- Nexo: Centralized crypto credit incumbent offering BTC-collateralized loans and yield products. Overlapping product (BTC-backed loans) and customer (BTC holders seeking liquidity), though custodial in architecture.
Direct peers
- Ledn: Bitcoin-backed lending platform offering consumer and institutional BTC-collateralized loans with yield products. Direct conceptual overlap on the borrow-against-BTC use case, though Ledn is a centralized lender rather than a P2P marketplace.
- Bitbond: Crypto-collateralized lending platform focused on small business and individual borrowers. Comparable product (crypto-backed loans with fiat payouts) and target segments, particularly SMB borrowers.
- HodlHodl: P2P Bitcoin marketplace that uses 2-of-3 multisig escrow for non-custodial trades between counterparties. Highly analogous architecture and trust model to Lendasat, though focused on BTC exchange rather than credit.
Emerging players
- Morpho: Optimized lending layer on top of Aave/Compound, increasingly capturing BTC-collateralized lending volume. Competes with Lendasat for lender-side yield and offers programmatic peer-to-pool matching similar in spirit to Lendasat's P2P design.
- Maple Finance: On-chain credit marketplace for institutional capital with overcollateralized and undercollateralized loans. Comparable marketplace model targeting capital allocators seeking yield, though Ethereum-centric and institutional.
- Alchemix: DeFi protocol offering self-repaying crypto-collateralized loans using yield-generating strategies. Adjacent innovation in the crypto-credit UX space, intersecting with Lendasat's BTC-backed borrower use case.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Lendasat social profiles
Digital presenceLendasat financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lendasat leadership team
Management profileNumber of profiles
Profiles1 record
Lendasat funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lendasat M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lendasat
What does Lendasat do?
Lendasat operates a non-custodial peer-to-peer lending marketplace where borrowers lock Bitcoin as collateral in a 2-of-3 multisig escrow and receive funds in stablecoins, fiat, or via a virtual Visa card, while lenders earn yield on overcollateralized loans. The platform supports multiple blockchain networks and currencies, with REST APIs for programmatic access, automated LTV monitoring, and a Doomsday recovery tool ensuring collateral can be recovered cooperatively even if the company disappears.
Is Lendasat a public or private company?
Lendasat is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Lendasat founded?
Lendasat was founded in -1. It employs 1 to 10 people.
Where is Lendasat based?
Lendasat is headquartered in Dover, United States, in the North America region.
How does Lendasat make money?
Three revenue lines are on record. Origination Fee is the primary driver. The others are liquidation Fee and renewal Fee.
Who are Lendasat's main competitors?
Broad incumbents on record are YouHodler, Compound, Aave and Nexo. Direct peers are Ledn, Bitbond and HodlHodl. Emerging players are Morpho, Maple Finance and Alchemix.
Does Lendasat have an API?
Yes. Lendasat provides two REST APIs following OpenAPI 3.1 specification at version 0.8.11: (1) Borrower API at https://apiborrow.lendasat.com - enables borrowers to request loans, manage contracts, handle collateral, and request extensions programmatically; (2) Lender API at https://apilend.lendasat.com - enables lenders to create loan offers, manage lending positions, track returns, and handle contract settlements programmatically. Both APIs require authentication via x-api-key header. Rate limits may apply. Partner/institutional users can create sub-accounts programmatically using master API keys. Developer documentation is at lendasat.com/docs/p2p-loans/api.
What industry is Lendasat in?
Lendasat's product category is Cryptocurrency Lending. Its primary akta.pro industry code is FSAPAEAA, Decentralized Lending & Credit Markets (overcollateralized/undercollateralized, P2P), with a secondary code of FSADAFAG, Crypto-Backed Consumer Loans (Secured). Its NAICS code is 522 and its SIC code is 6141.