Keep your bitcoin.
Spend dollars.

The problem

Credit stopped innovating and started extracting. The card industry solved the hard part decades ago, then spent the years since perfecting the squeeze: 20 to 30% APR, minimum payments engineered so the balance never dies, penalty fees timed for the worst possible moment, and a rejection for anyone without the right paperwork.

Bitcoiners are squeezed from the other direction: asset-rich and cash-poor by choice. Selling means a taxable event and giving up the upside, so they will not sell, yet they still need dollars. The existing ways to borrow against bitcoin are custodial, opaque, gamified, or region-locked, and the household names that tried it (Celsius, BlockFi) blew up by rehypothecating customer funds. A real, urgent, recurring need with no trustworthy home.

The product

The same daily feel as the Chase or Discover card you already use, except the limit is backed by your bitcoin instead of your credit score.

How your bitcoin is secured

The honest mechanics behind the slogans. This is the part every lender before us buried, and the part that killed them.

Who it is for

Why it wins

Every competitor is a feature: a loan desk, a borrow button, or a cashback card. None pairs a non-custodial bitcoin credit line with a card and local-rail spend layer in the emerging markets where the need is highest. Ledn and Coinbase lend, but they do not put a spendable card in your pocket in Manila. Our edges compound: multi-issuer card redundancy, so no single BIN sponsor can brick us (the number-one card killer), and an underwriting-data flywheel that graduates trusted users toward unsecured credit.

Business model

A real interest-earning balance sheet, not a trading spread. Users borrow at roughly 10% (6 to 16% by grade). Our debt facility costs us less than that, and we keep the net spread on the average drawn balance, plus interchange on every dollar spent and a thin, transparent FX margin. Overcollateralized lending means charge-offs are a fraction of Chase's 5 to 6%, so we keep more of the spread and we do not blow up. The first milestone is modest: roughly 10,000 cardholders from the Network School and bitcoin-community beachhead puts the book at $100k MRR, and the same engine scales to $3M ARR and beyond.

Why us

The founder is the customer: a heavy credit user (Chase, Discover, Wise) who pays more in credit interest than any other expense and understands the borrower from the inside. Two technical operator founders who ship, with native distribution into Network School and the global bitcoin community. The two rails the product runs on both have credible, redundant integration paths we are actively pursuing: native bitcoin collateral in collaborative multisig, and a USDT credit line plus a Visa card through a licensed issuer, settled over Lightning rails of the kind IBEX provides. No counterparty is signed yet, and we will never claim one that is not.

The market

Comps are public market caps, shown as color, not a valuation target. Bottom-up: of the roughly 500M people who hold bitcoin, even a small share borrowing a few thousand dollars at a ~10% net spread is a multi-billion-dollar revenue pool. Sources: crypto-collateralized lending trackers, 2025.

Roadmap

The ask

Raise a $750k pre-seed of mission-aligned equity (target investors we are talking to: Fulgur, Curious Ventures, Network School angels). It buys roughly 15 to 18 months of runway: a team of two to three, licensing and launch in the Philippines, and the first cardholders on the book, the proof on the path to $100k MRR. Separately, arrange a USDT credit facility (debt) to fund the loan book, so we never dilute the company to fund lending. The business throws off interest income and becomes self-funding as it scales.