BTCJam continues to lead the way in global peer-to-peer lending! Today we are excited to announce a new and significant improvement to the BTCJam platform.

Introducing Banking Integration for Credit Scoring

BTCJam’s mission is to bring affordable credit to people all around the world while generating strong returns for investor’s portfolios. We have already facilitated close to USD $8 million in loans. At BTCJam, we keep pushing the envelope while bringing affordable and accessible products to people all over the world.

In order to further improve our industry leading credit-scoring algorithm, our hard working development team has integrated a unique feature that allows us to leverage data from a borrower’s actual financial transactions. Through this new function, BTCJam will be better at verifying good borrowers while detecting fraud and bad borrowers. This makes it possible for good borrowers to improve their credit score by connecting a bank account or a credit card from over 5000 financial institutions around the world.

Our credit score will now include:

Verified Salary Payments

Credit Card Payments

Car Lease Payments

Mortgage and Rent Payments

and much more

We are convinced that this game changer will lead to lower default rates over time, thus, decreasing rates for good borrowers and enabling better returns for investors! We believe that this will have a monumental impact on the entire global lending industry.

Why connect my bank account or credit card?

Lending, especially without collateral, is almost solely based on trust. By connecting your bank account or credit card, you can significantly increase the confidence the investors have in you. It will show on your profile and your loan listing that you have verified your bank account with us. Connecting your bank accounts may lower your interest rates while at the same time creating stronger trust with investors; this will overall improve the speed at which your loans get funded.

Is it safe to connect my bank account?

BTCJam uses the best-in-class encryption services to make sure that all the data we access on your behalf is securely stored.

The financial institution credentials that you provide us are transmitted to one of our partners and are securely stored on their servers. For improved safety, we intentionally do not store any of your credit card or bank account credentials.

How do I connect my bank account?

Step 1: Go to Dashboard -> Credit Rating -> Financial Institution and click on Add Financial Institution.

Step 2: Select your country; select the type of account you want to connect. Then the financial institutions will appear. You can also search for your bank by typing it in the search box below.

Step 3: Now you provide your login and password to your bank. Don’t worry! We never store your login information on our servers.

After that we will import the information from your bank account and we will display “Bank Verified” on your profile. Congrats!

What if my country or bank is not listed?

We are constantly working on adding new banks into the mix. If your bank is not listed yet, please email us at support@btcjam.com with the exact name and country of your bank. We will try to accommodate these banks over time.

Thanks again for using the BTCJam platform. We’re very excited to have you here and hope you will take advantage of our latest improvements to get better returns and lower rates!



Your BTCJam Team