Type
- FIREFISH
- Loan (P2P marketplace, lender-matched)
- SURGE
- Credit Line (pooled market)
Compare Surge
Credit with..
$100$1,000,000
| Factor | Firefish | Surge Credit |
|---|---|---|
| Lending | ||
| Type | Loan (P2P marketplace, lender-matched) | Credit Line (pooled market) |
| Interest Rate | 5.5–16.5% APR (Fixed, P2P) | From 6.9% APR (Variable) / 9.9% (Fixed) |
| Origination fee | None | None |
| Duration | 3–24 months, fixed term | 12 months, rollover anytime |
| Terms | Bullet repayment - principal + interest at maturity. | Repay any amount, anytime. No penalties. |
| Fast access to funds | ✓ | ~30 min |
| LTV flexibility | 50% initial (up to 60% negotiated) | 50% (expanding) |
| Globally accessible | Primarily European, MiCA regulated | ✓ |
| KYC required | Yes | No |
| Bitcoin Custody | ||
| Custodian | Bitcoin (multisig escrow) | Bitcoin (Taproot vault) |
| On-chain verifiable collateral | ✓ | ✓ |
| Segregated collateral | ✓ | ✓ |
| Bitcoin-native (no wrapping) | ✓ | ✓ |
| Zero rehypothecation | ✓ | ✓ |
| Unilateral exit | Multisig requires coordination among parties | ✓ |
Lending
Interest Rate
- FIREFISH
- 5.5–16.5% APR (Fixed, P2P)
- SURGE
- From 6.9% APR (Variable) / 9.9% (Fixed)
Origination fee
- FIREFISH
- None
- SURGE
- None
Duration
- FIREFISH
- 3–24 months, fixed term
- SURGE
- 12 months, rollover anytime
Terms
- FIREFISH
- Bullet repayment - principal + interest at maturity.
- SURGE
- Repay any amount, anytime. No penalties.
Fast access to funds
- FIREFISH
- ✓
- SURGE
- ~30 min
LTV flexibility
- FIREFISH
- 50% initial (up to 60% negotiated)
- SURGE
- 50% (expanding)
Globally accessible
- FIREFISH
- Primarily European, MiCA regulated
- SURGE
- ✓
KYC required
- FIREFISH
- Yes
- SURGE
- No
Bitcoin Custody
Custodian
- FIREFISH
- Bitcoin (multisig escrow)
- SURGE
- Bitcoin (Taproot vault)
On-chain verifiable collateral
- FIREFISH
- ✓
- SURGE
- ✓
Segregated collateral
- FIREFISH
- ✓
- SURGE
- ✓
Bitcoin-native (no wrapping)
- FIREFISH
- ✓
- SURGE
- ✓
Zero rehypothecation
- FIREFISH
- ✓
- SURGE
- ✓
Unilateral exit
- FIREFISH
- Multisig requires coordination among parties
- SURGE
- ✓
Thinking about switching?
Whether you're exploring alternatives, planning a migration, or just want to understand the differences - we're happy to talk.