# Lava

> Lava is a bitcoin-focused financial platform offering a revolving bitcoin-backed dollar line of credit, a secured Visa card with bitcoin rewards, USD yield funded by collateralized loans, bitcoin trading, and global money transfers. Its Prime and Business offerings extend those services to institutions and companies.

- **Founded:** 2022
- **Headquarters:** New York, United States
- **Founders:** Shehzan Maredia (Founder and CEO)
- **Products:** Bitcoin Line of Credit (BLOC), Lava Card, USD Yield, Bitcoin trading and global transfers, Lava Prime
- **Notable:** Closed a USD 10 million Series A co-led by Founders Fund and Khosla Ventures in December 2024., Launched BLOC in November 2025., Announced USD 200 million in additional mixed venture and debt financing in November 2025.

## Products & services

- **Bitcoin Line of Credit (BLOC)** — Revolving dollar borrowing against BTC, with no mandatory monthly payments or fixed maturity. Current FAQ lists 6.50%-8.50% annual interest fixed for one year, daily compounding, and a 2% annual charge on peak outstanding balance. Current liquidation FAQ describes initial LTV up to 60%.
- **Lava Card** — Secured Visa credit card spending available dollars, funded through banking, stablecoins or BLOC. No annual or FX fee advertised; eligible rewards up to 5% at merchant partners, up to 3% elsewhere in the US and up to 1% outside the US.
- **USD Yield** — Dollar lenders fund overcollateralized BTC-backed loans. Current product and FAQ advertise 6.5% yield; launched in October 2025 advertising up to 7.5%.
- **Bitcoin trading and global transfers** — Buy and sell bitcoin without platform fees, transfer stablecoins and move dollars through supported banking rails.
- **Lava Prime** — Custom bitcoin-backed financing for institutions, funds, family offices and high-net-worth individuals; bespoke terms, qualified custody options, tri-party arrangements, OTC execution and dedicated support.
- **Lava for Business** — Company accounts combining bitcoin-backed borrowing, USD yield, bitcoin trading and international transfers.

## Achievements

- Closed a USD 10 million Series A co-led by Founders Fund and Khosla Ventures in December 2024.
- Launched BLOC in November 2025.
- Announced USD 200 million in additional mixed venture and debt financing in November 2025.
- Expanded into bespoke institutional loans and business accounts in July 2026.
- Expanded stablecoin deposits to USDC, USDT and PYUSD across ten networks in July 2026.

## Latest updates

- **2026-09** — September 30: added Starlink and Discord to its card merchant rewards program; offers remain subject to eligibility and terms.
- **2026-07** — July 20: expanded deposits to USDC, USDT and PYUSD across ten networks.
- **2026-07** — July 8: introduced Lava for Business.
- **2026-07** — July 2: introduced Lava Prime.
- **2026-06** — June 24: published a refinancing offering; June 17: announced bitcoin rewards on eligible AI-tool spending.

## Links

- Website: https://www.lava.xyz/
- LinkedIn: https://www.linkedin.com/company/lavaxyz/
- Twitter/X: https://x.com/lava_xyz
- GitHub: https://github.com/lava-xyz

---

Profile page: https://yespress.io/lava
Published by YesPress — https://yespress.io
Last updated: 2026-09-30