What does Firefish do?
Firefish is a bitcoin-collateralized lending marketplace based in Prague, Czech Republic. The platform offers instant USDC loans to users in the U.S. and across global markets, providing stablecoin-based liquidity for Bitcoin holders. It also supports transactions in EUR and CHF and utilizes multi-sig escrow to eliminate counterparty risk.
How much did they raise?
The company raised $1.8M in Seed funding, with Braiins and Miton C serving as lead backers. The funds were secured to further scale its Prime institutional lending program, evidenced by the platform processing over $100M in volume and serving more than 10,000 users.
What are their plans for the money?
With the new capital, Firefish aims to expand its Prime institutional lending program, enhance its offering of instant USDC loans, and extend its reach in both U.S. and global markets. This funding round is expected to boost liquidity access for Bitcoin holders and strengthen its position in the digital finance space.
What have they achieved so far?
Firefish has already achieved significant milestones, including processing over $100M in loan volume and acquiring more than 10,000 users. Notably, Braiins utilized the platform to secure a $400,000 loan, demonstrating the practical impact and reliability of Firefish's lending solutions.
