BTC Now Inc
Lender of Record Partnership
Bitcoin Installment Purchase Program
Buy Now, Pay Later for Bitcoin
Overview
BTC Now Inc. offers consumer installment purchase plans for Bitcoin to U.S. consumers. We are seeking banking partners to serve as lender of record for our installment loan program, providing banks with fee-based revenue, minimal balance sheet exposure, and access to a rapidly growing digital asset consumer market.
Loan Terms
4 to 120 months
Subject to underwriting approval
Effective APR
10-18%
Based on creditworthiness
Year 1 Target Volume
$100M+
In originations
Bank Balance Sheet Exposure
72 hours maximum
BTC Now purchases loans
Collateral
100% Bitcoin-backed
Held in institutional custody at Fireblocks Trust Company
The Program
Consumer Product
BTC Now provides Bitcoin installment purchase plans to qualified U.S. consumers. The consumer receives Bitcoin immediately upon loan origination, with the asset held in secure institutional custody until the installment plan is paid in full.
Consumer Terms
- •Pricing: All-in financing rate of 10-18% effective APR (no hidden fees)
- •No origination fee to consumer
- •No late payment fee to consumer
- •No early payment fee to consumer
- •30-day grace period on missed payments
- •Payment methods: ACH, credit card, or USDC cryptocurrency
Example Transaction
Bitcoin spot price
$100,000
Loan term
120 months
Monthly installment
$1,600
Total purchase price
$192,000
Financing charges (over 10 years)
$92,000
Monthly Payment Schedule
| Amount | 12 Month1 year | 60 Month5 years | 120 Month10 years |
|---|---|---|---|
| 0.25 BTC$25,000 | $2,256 | $595 | $403 |
| 0.5 BTC$50,000 | $4,513 | $1,190 | $807 |
| 0.75 BTC$75,000 | $6,769 | $1,784 | $1,210 |
| 1 BTC$100,000 | $9,026 | $2,379 | $1,613 |
60-month term highlighted as the balanced option between affordability and total cost
Custody & Collateral
During the installment period, Bitcoin is held with Fireblocks Trust Company, an institutional-grade custody provider. Each customer receives a dedicated Bitcoin wallet for each specific installment plan—no asset pooling.
Default Procedure
If a borrower fails to meet payment obligations after the 30-day grace period, BTC Now will:
- 1.Seize the Bitcoin from the customer's dedicated Fireblocks account
- 2.Liquidate at market price (no markup)
- 3.Calculate and pursue any remaining borrower obligation
How It Works for the Consumer
Consumer Signs Loan Agreement
Consumer signs a loan agreement to purchase Bitcoin (e.g., 1 BTC). BTC Now finances the purchase amount and allows the buyer to repay the loan amount plus financing cost over the term.
Bitcoin Held in Escrow
During the payment period, the BTC is held in Fireblocks Trust Company escrow account. The consumer can see their Bitcoin and wallet address directly in the app at any time.
Monthly Payments
Consumer makes fixed monthly payments via ACH, credit card, or USDC. Payments are fixed regardless of Bitcoin price—no margin calls, no forced liquidations.
Full Ownership
After final payment, the Bitcoin is transferred to the consumer's personal wallet. They own it outright with no restrictions.
Key Differentiator
Unlike margin loans that force sales during crashes, only the consumer decides when to sell. No forced sales by lenders, ever. Fixed dollar payments regardless of Bitcoin price fluctuations.
Payment Flow
AConsumer Payment Flow
KYC Verification
Consumer goes to website and completes KYC via plaid.com, including Sanction Screening, OFAC compliance, and fraud detection.
Bank Account Verification
Consumer connects existing bank accounts for income verification and payment ability screening. We use this bank account data to perform underwriting checks to determine eligibility, run credit checks, and pull the FICO score in accordance with underwriting standards.
Payment Processing
Consumer pays via PCI-compliant payment processor using BTC Now Loan Software provided by loanpro.com. Payments are collected via repay.com, which sends daily batch transfers to the master account of the Lender of Record.
Payment Collection
repay.com sends daily batch transfers to the master account at the Lender of Record, which are then disbursed weekly to the Loan Note Holder.
Payment Methods
BLender of Record Payment Flow
Capital Deposit
$25MBTC Now Inc. places loan underwriting fund with the Bank Partner—initial deposit of $25 Million USD
Loan Origination
Consumer signs loan with Bank Partner
Bitcoin Purchase
Bank Partner buys the correct amount of Bitcoin on Coinbase and other connected Bitcoin seller platforms (provided by BTC Now)
First Payment
Bank receives first installment payment from customer
Bitcoin Escrow
Bank sends BTC amount to Fireblocks Trust Company to place Bitcoin into escrow
CLoan Purchase Flow
Loan Origination
Bank Partner originates the loan and holds it on their balance sheet.
72-Hour Hold Period
72 hrs maxLoan remains on the bank's books for a maximum of 72 hours. Since BTC Now's origination funds are already on deposit with the bank, there is no real balance sheet risk exposure.
Loan Purchase
BTC Now purchases the loan from the Bank Partner within 72 hours of origination.
Off Balance Sheet
Loan is removed from the bank's balance sheet and transferred to BTC Now as the new loan holder.
Installment Payments to BTC Now
All future monthly installment payments flow directly to BTC Now as the loan holder.
Zero Balance Sheet Risk
The bank has no balance sheet risk—BTC Now's $25M origination funds are already on deposit with the bank. After BTC Now purchases the loan (within 72 hours), all credit risk and future payments transfer to BTC Now.
Capital Flow Summary
BTC Now
Capital Provider
Bank Partner
Lender of Record
Consumer
Borrower
Fireblocks
BTC Custody
The Opportunity for Banks
Revenue Model
Partner banks earn a flat per-loan origination fee for each loan originated through the program. Fee structure is negotiable based on volume commitments.
Fee-Based Revenue, Zero Capital Risk
Banks earn origination fees without deploying capital or taking on credit risk. BTC Now provides all underwriting capital and purchases loans within 72 hours.
Risk Profile
| Risk Factor | Mitigation |
|---|---|
| Credit exposure | 72-hour maximum hold; BTC Now purchases loans |
| Collateral risk | 100% Bitcoin-backed, held at Fireblocks Trust |
| Bitcoin price risk | None—BTC Now provides inventory and guarantees buyback |
| Regulatory risk | Stinson LLP engaged for compliance structure |
| Operational burden | BTC Now provides turnkey servicing platform |
Volume Projections
Initial Committed Capital
$25,000,000
BTC Now proprietary
Fund Capacity
$1,000,000,000
Closed-end fund structure
Year 1 Target
$100M+
In originations
Soft Commitments
Multiple
Institutional investors interested
What BTC Now Inc Brings
Everything your bank needs to run this program is provided by BTC Now. Our turnkey solution minimizes your operational burden while maximizing fee revenue.
Fully Automated Compliance
KYC/AML/OFAC/Sanction Screening—all automated and integrated into the platform. No manual review required.
Credit Score Integration
Soft and hard pulls, credit decisioning, and default registration—all integrated with major credit bureaus.
Underwriting Capital
The partner does not have to expose its balance sheet capital in this program. BTC Now provides all underwriting capital for the loans.
Complete Team Support
Marketing Team, Sales Team, Technical Team, and Legal Team—all provided by BTC Now to support the program.
Full Loan Lifecycle Management
Automated payment processing, reconciliation, loan lifecycle management, loan sales management, and more—all handled by our platform.
Bottom line: Your bank provides the lending license, we provide everything else.
Risk & Mitigations
How BTC Now Inc Mitigates All Risks for Its Partners
No Cash Outlay Required
BTC Now provides all underwriting capital. The bank does not need to deploy its own capital to participate in this program.
Legal Support
We bring the legal team to build the credit policy, loan agreements, and all documentation in a way that both BTC Now and the Lending Partner feel comfortable with.
Technical Enforcement
All AML/KYC and credit policies are fully enforced on a technical basis. No manual oversight required—the system automatically rejects non-compliant applications.
Insured Custody
All cryptocurrency is held with an insured custodian (Fireblocks Trust Company). Institutional-grade security for all assets.
No Balance Sheet Exposure
Loans are purchased from the Bank's balance sheet by BTC Now after 3 days of seasoning. No long-term balance sheet exposure to the bank. Maximum exposure window: 72 hours.
72 hrs
Max Balance Sheet Exposure
100%
Bitcoin Collateralized
$0
Bank Capital Required
Partnership Structure
→Bank Responsibilities (Lender of Record)
Originate loans using BTC Now's underwriting criteria and automated platform
Hold loans on balance sheet for 72 hours
Maintain regulatory compliance with applicable state and federal lending laws
Engage BTC Now as servicing provider (software licensing arrangement)
→BTC Now Responsibilities
Provide Bitcoin inventory to underwrite each installment plan ex ante—bank sells Bitcoin from inventory, not a loan for future purchase
Operate automated loan servicing platform on behalf of lender of record
Purchase all loans from lender of record within 72 hours of origination
Handle all borrower interactions post-origination (payments, collections, defaults)
Partnership Summary
Bank Provides
- • Lending license (50-state coverage)
- • Regulatory relationship
- • 72-hour loan holding
BTC Now Provides
- • All capital ($25M+ initial)
- • Technology platform
- • Operations & servicing
- • Marketing & customer acquisition
- • Legal & compliance support
Underwriting Standards
Underwriting criteria are being finalized with Stinson LLP, with expected standards including:
| Criterion | Requirement |
|---|---|
| FICO Score | 620 or higher |
| Debt-to-Income (DTI) | 25% or less |
| Income verification | Required |
| Eligible borrowers | W-2 employees, self-employed/business owners with provable income, high-net-worth individuals |
620+
Minimum FICO
≤25%
Max DTI Ratio
Verified
Income Required
Automated Decisioning
All underwriting decisions are made automatically through our platform integration with credit bureaus and Plaid. No manual review required for standard applications—the system enforces all criteria programmatically.
Technology & Operations
Platform Capabilities
KYC/AML Compliance
Integrated with Plaid for identity verification, sanctions screening, and anti-money laundering checks
Automated Underwriting
Real-time credit decisioning with soft and hard pull capabilities
Loan Servicing
Full lifecycle management from origination through payoff or default
Payment Processing
ACH, credit card, and USDC cryptocurrency payments
Portfolio Monitoring
Real-time dashboards and reporting for all parties
Customer Interface
Dedicated Bitcoin wallet visibility for each borrower in the app
Platform Status: Fully Operational
The platform is ready for deployment. All integrations are complete and tested.
Technology Stack
Plaid
Identity & Banking
LoanPro
Loan Management
Fireblocks
BTC Custody
Coinbase
BTC Acquisition
Origination Projections
Months 1-3
$25M
Total originations
Months 3-6
$25M
Per month
Months 6-12
$25M
Bi-weekly
Month 12+
$100M
Per month in new loans
Origination Ramp-Up Timeline
Q1
$25M total
Q2
$75M total
Q3-Q4
$150M+
Year 2+
$1.2B/year
Year 1 Target: $100M+ in total originations
Partners
Status on Partner Integrations and Roles
plaid.com
KYC, AML, Sanction screening, and consumer bank data injection for underwriting checks
loanpro.com
Loan origination management, compliance management, loan servicing management, and payment management
btcnow.com
Consumer-facing online platform for loan management and Bitcoin management
Coinbase
For buying the Bitcoin
Fireblocks Trust Company
Secure Bitcoin custody with institutional-grade security
BTC Now Inc
For underwriting liquidity
Repay
For payment processing
Integration Status
All partner integrations complete and operational
Team
BTC Now Team of Expertise
Marc Dumpff
CEO & Capital Markets
- •Structured sovereign debt deals; operated funds under FMA/CIMA/ECB supervision
- •Founded Liechtenstein hedge fund at age 20 (fastest approval)
- •Advisor to ECB, IMF, and World Bank on capital markets policy
Evan Kalimtzis
CIO & Securitization
- •JP Morgan: MD & Co-Head of CIO's SPAR group; managed $400B investment portfolio framework
- •Asteri Capital: Founder/CEO of $550M multi-strategy credit hedge fund (Glencore seeded)
- •25+ years in structured credit, risk mgmt, and ABS/CLO trading
Peter D. Howard
CRO & Structured Products
- •Peloton Partners: Partner/Senior PM; grew ABS Fund to $1.8B; built $10B+ portfolio
- •Dresdner Kleinwort: Head of ABS/CMBS prop trading; built NA sell-side platform
- •Expert witness on RMBS/CLO litigation; 20+ years global macro
James Alder
Chief Operating Officer
- •30+ years in financial structuring, asset management, and commercial property
- •Mulberry Commercial: Averaged 25% annual yield; built 1M+ sq ft commercial space
- •Director for regulated funds in Cayman, Liechtenstein, and Switzerland
Alexander Watanabe
CPO & Cross-Asset Lending
- •Built world-first NFT shorting platform & cross-asset lending protocol
- •Suntory: Led AI/ML forecasting models for Jim Beam & Maker's Mark
- •Solved 5-year robotics problem for aerospace clients (Boeing, ISRO)
Korneliusz Caputa
CTO & Fin. Infrastructure
- •Klarna: Executive advisory; built teams for global payment flows
- •Axo.trade: Scaled decentralized exchange to 10k+ daily active users
- •Expert in high-scale systems, DSLs for trading, and risk management
Mateusz Goślinowski
Head of Credit Risk
- •5+ years quantitative development at Standard Chartered Bank
- •Built counterparty credit risk systems & large-scale batch computations
- •Developed liquidity reporting system for multi-billion dollar balance sheets
Anastasia Stull
Chief Legal Officer & Regulatory
- •Stinson LLP: Former Partner advising FinTechs and banks on regulatory compliance (CFPB, OCC, FDIC)
- •Merrill Lynch: Former in-house regulatory counsel; expert in consumer & commercial banking law
- •Recognition: Past President of Women in Housing & Finance; 2022 Thought Leadership Award
Team Summary: Core team has executed together 10-15 years across regulated funds, sovereign debt, and trading infrastructure. Combined experience includes $400B+ in structured products at JP Morgan, $10B+ ABS portfolios, and financial infrastructure at Klarna, Standard Chartered, and major European institutions.
Lender of Record Economics
Origination Fee
0.25%
Per loan originated
Outstanding Loan Fee
0.2%
Per month on outstanding amount
Year 1Revenue Projections
Total Originations
$100,000,000
Origination Fee Revenue
$250,000
($100M × 0.25%)
Assuming $100M average outstanding balance:
Average Outstanding
$100,000,000
Monthly Fee Revenue
$200,000
($100M × 0.2%)
Estimated Year 1 Total Revenue
$2,650,000+
(Origination: $250K + Monthly fees: $200K × 12 = $2.4M)
Year 2Revenue Projections
Total Originations
$1,000,000,000
10x growth from Year 1
Origination Fee Revenue
$2,500,000
($1B × 0.25%)
Assuming $1B average outstanding balance:
Average Outstanding
$1,000,000,000
Monthly Fee Revenue
$2,000,000
($1B × 0.2%)
Estimated Year 2 Total Revenue
$26,500,000+
(Origination: $2.5M + Monthly fees: $2M × 12 = $24M)
Key Benefits
Recurring
Monthly fees on outstanding balance
No Capital Risk
BTC Now provides all capital
Scalable
Revenue grows with volume
Legal & Compliance
Corporate Structure
Delaware C-Corporation
Fund Structure
Delaware Closed-End Fund
(in formation)
Legal Counsel
Stinson LLP
Banking & regulatory compliance
Custody Provider
Fireblocks Trust Company
Institutional-grade security
KYC/AML Provider
Plaid
Identity verification, bank account linking, income verification
Regulatory Approach
BTC Now is working with Stinson LLP to ensure full compliance with applicable state and federal lending laws. The lender of record model allows BTC Now to leverage the bank partner's existing regulatory framework and lending licenses, minimizing regulatory risk for both parties.
Compliance Infrastructure
- •Automated KYC/AML/OFAC screening on all applicants
- •Credit bureau integration for soft and hard pulls
- •Income verification through Plaid bank account linking
- •Sanction screening against OFAC and global watchlists
- •Full audit trail on all transactions and decisions
The Ask
What We Need from a Lender of Record Partner
50-State Lending Capability
A partner bank that can issue consumer loans in all 50 US states. National coverage is essential for program scalability.
Regulatory Engagement
A partner bank that is willing to engage with us and work toward regulatory approval for the program and/or obtain a letter of no objections from relevant regulators.
Dedicated Team
A small dedicated team inside the bank to run the program. BTC Now provides all technology and servicing—bank team handles oversight and regulatory relationship.
What You Get
$1.4M+
Year 1 projected revenue
$0
Capital deployment required
72 hrs
Maximum balance sheet exposure
Fee-based revenue. No capital risk. Access to a $2.2 trillion market.