Atomic Loans Valuation, Funding & Investors

Atomic Loans is valued at $900M as of April 2020.

Last Atomic Loans valuation

$900M

Seed · Apr 2020

Last Atomic Loans funding round

$3M

Seed · Apr 2020

Cumulative funding Atomic Loans raised

$3M

across 2 funding rounds

Key investors in Atomic Loans

  • ConsenSys
  • Initialized Capital
  • Morgan Creek Digital
  • Regan Bozman
  • Aaron Henshaw
  • Joseph Lallouz

Atomic Loans Overview

About Atomic Loans

Atomic Loans is a decentralized protocol for Bitcoin and cryptocurrency-backed loans using atomic swap technology. It facilitates trustless, cross-chain debt agreements on Bitcoin and Ethereum blockchains, eliminating centralized custodians to protect user funds from theft or seizure. Users set loan terms directly through smart contracts.


Founded

2019

HQ

CanadaToronto

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$900M (Apr 2020)

Atomic Loans Valuation

Atomic Loans is currently valued at $900M, based on its seed round in April 2020.

The $3M round was led by Initialized Capital, with participation from Morgan Creek Digital, Aaron Henshaw, Mike Cohen, Russell Verbeeten, Regan Bozman and 2 other investors.

Atomic Loans valuation by funding round

Atomic Loans valuation by funding round
DateStageValuation
Apr 2020Seed$900M

Atomic Loans Funding History

Atomic Loans has raised a total of $3M across 2 funding rounds.

Atomic Loans' first fundraising round was a $200K pre-seed round in June 2019. The most recent completed round was a $3M seed round in April 2020.

Atomic Loans funding rounds

Atomic Loans funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2020SeedInitialized Capital (lead); Morgan Creek Digital; Aaron Henshaw; Mike Cohen; Russell Verbeeten; Regan Bozman; ConsenSys; Joseph Lallouz$3M$900MAtomic Loans raised $3.4 million in a seed funding round on April 15, 2020, led by Initialized Capital at a $900 million post-money valuation. Other investors included ConsenSys, Morgan Creek Digital, Aaron Henshaw, Joseph Lallouz, and individuals such as Mike Cohen, Regan Bozman, and Russell Verbeeten. The funds were allocated to research and development to expand decentralized finance adoption on Bitcoin through strategic partnerships. Based in Toronto, Atomic Loans operates a platform enabling a two-sided marketplace for Bitcoin-backed lending. This allows users to leverage their Bitcoin holdings for trading or expenses without incurring tax liabilities or losing exposure to Bitcoin price fluctuations. The company focuses on bringing decentralized finance applications to the Bitcoin ecosystem using blockchain technology. Some sources report the round size variably as $2.45 million or $2.5 million, but Osler confirms $3.4 million.
Jun 2019Pre-seedConsenSys (lead)$200K--

Who has invested in Atomic Loans?

8 investors have backed Atomic Loans across its funding rounds, including ConsenSys, Initialized Capital, Morgan Creek Digital, Regan Bozman, Aaron Henshaw and Joseph Lallouz.

Lead investors include Initialized Capital and ConsenSys.


Atomic Loans Investors

Investors in Atomic Loans by funding rounds participated
InvestorHQRoundsRoleFirst check
ConsenSysUnited StatesNew York City, NY2LeadJun 2019
Morgan Creek DigitalUnited StatesChapel Hill, NC1ParticipantApr 2020
Aaron HenshawUnited StatesUnited States1ParticipantApr 2020
Mike CohenUnited StatesSan Francisco, CA1ParticipantApr 2020
Russell VerbeetenCanadaToronto1ParticipantApr 2020
Initialized CapitalUnited StatesSan Francisco, CA1LeadApr 2020

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Atomic Loans Competitors

Atomic Loans competitors include listed companies like HashKey Holdings and Yixin Group, and private ones like Madhive, Turtlemint, Npixel and Mintifi.

Public and private companies comparable to Atomic Loans
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MadhiveUnited StatesNew York City, NYPrivate$125M-$900M7.2x
TurtlemintIndiaMumbaiPrivate$72M-$900M12.5x
HashKey HoldingsHong KongHong KongPublicly listed$92M($109M)$884M-
Yixin GroupChinaChinaPublicly listed$1.7B$287M$934M2.7x
NpixelSouth KoreaSeoulPrivate--$861M-
MintifiIndiaMumbaiPrivate$34M$10M$850M19.8x

Atomic Loans Public Comps

Atomic Loans is still privately-owned, but its public comps include HashKey Holdings, Yixin Group, Qfin Holdings, FinVolution Group, BitGo Holdings, Katapult, Upbound, Green Dot, Propel Holdings and Funding Circle.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
HashKey Holdings$92M($109M)6.4x-(5.4x)-
Yixin Group$1.7B$287M2.9x2.7x17.4x16.2x
Qfin Holdings$2.4B-0.8x0.8x--
FinVolution Group$2B$476M0.0x0.1x0.2x0.3x
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Katapult$292M$215M3.0x2.7x4.0x58.2x
Upbound$4.7B$1.7B0.6x0.6x1.5x5.2x
Green Dot$2.1B($12M)0.4x0.3x(63.9x)4.2x

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Common questions about Atomic Loans

When was Atomic Loans founded?Atomic Loans was founded in 2019.
Where is Atomic Loans headquartered?Atomic Loans is headquartered in Toronto, Canada.
Is Atomic Loans publicly listed?No, Atomic Loans is a private, VC-backed company.
What is Atomic Loans' valuation?Atomic Loans was last valued at $900M in its seed round in April 2020.
How much funding has Atomic Loans raised?Atomic Loans has raised $3M across 2 funding rounds.
What was Atomic Loans' last funding round?Atomic Loans' last funding round was a $3M seed round in April 2020, led by Initialized Capital.
Who are Atomic Loans' investors?Atomic Loans' investors include ConsenSys, Morgan Creek Digital, Aaron Henshaw, Mike Cohen, Russell Verbeeten, Initialized Capital, Regan Bozman and Joseph Lallouz.
Which companies are comparable to Atomic Loans?Companies comparable to Atomic Loans include Madhive, Turtlemint, HashKey Holdings, Yixin Group, Npixel and Mintifi.

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