Firefish Labs s.r.o.

Firefish Europe s. r. o. operates as an innovative open lending marketplace that enables Bitcoin-backed loans, facilitating liquidity for users while safeguarding their crypto assets.

Firefish Europe s. r. o. specializes in providing a platform for Bitcoin-backed lending, established in 2022 in the Czech Republic.

The company has conducted 1 deal to date. In April 2025, Firefish raised USD 1. 8 mn in Seed funding from Braiins Mining Limited and Miton. The founder's history is not publicly available, and there is no mention of prior companies or significant changes in operations.

Firefish operates as an open lending marketplace that facilitates Bitcoin-backed lending, allowing users to leverage their Bitcoin holdings without the need to sell them. The core offering enables borrowers to obtain cash loans secured by their Bitcoin, functioning similarly to a mortgage where Bitcoin serves as collateral. Upon repayment, borrowers regain their Bitcoin, while failure to repay results in liquidation of the Bitcoin to cover the loan amount, ensuring investor protection. Firefish's platform enables direct peer-to-peer transactions without intermediaries, targeting individuals and institutions aiming to leverage Bitcoin for liquidity, with support for markets in Europe, including Germany, Austria, and the Czech Republic, as well as stablecoin markets in the U.

S. Firefish generates revenue through the facilitation of Bitcoin-backed loans, where borrowers pay interest on the cash they receive against their collateralized Bitcoin. Transactions occur as borrowers set loan terms ranging from three to eighteen months, matched with investors providing the capital. Interest rates can reach up to 13% annually, establishing a structured financial relationship between the firm and its clients.

The platform has processed over EUR 65 mn in transactions, underscoring its role in the Bitcoin lending marketplace. In April 2025, Firefish Labs s. r. o.

raised USD 1. 8 mn in Seed funding, which will be utilized to enhance its bitcoin-backed lending platform and support global expansion efforts. The company aims to launch new product features designed to optimize user experience and broaden its service offerings in targeted international markets. Specific geographic expansions are planned, with a focus on increasing presence in additional European countries and the U.

S. market.