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Babel Finance
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Babel Finance

http://babel.finance/
Last activity: 13.11.2023
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Categories: BrokerBusinessCryptoDevelopmentFinTechInvestmentManagementProductProviderService
Babel Finance is the world\'s leading comprehensive crypto financial service provider, providing professional crypto asset financial services for high net worth individual investors and institutional investors, including crypto asset deposits and loans, asset management, brokerage trading, and derivatives strategies, Mining pools, mining farms, and mining financial services. It is one of the world\'s large-scale crypto financial service providers that can provide comprehensive financial services. Investors include Dragonfly Capital, NGC, Parallel Ventures, etc.
Followers
3.4K
Mentions
33
Location: China, Hong Kong Island, Hong Kong
Employees: 51-200
Total raised: $120M
Valuation: $2B
Founded date: 2018

Investors 2

Funding Rounds 2

DateSeriesAmountInvestors
10.06.2022Series B$80M-
10.05.2021Series A$40M-

Mentions in press and media 33

DateTitleDescription
13.11.2023Many Crypto-Corns Navigate Trying Times After FTX Fall3 Shares Email Facebook Twitter LinkedIn It has been a tough go as of late for startups in the crypto space. Everyone knows funding has plummeted in the sector, and Sam Bankman-Fried’s recent conviction brought FTX’s troubles back to the fo...
13.03.2023Founder of troubled crypto asset unicorn Babel launches new DeFi project, stablecoinFlex Yang, the former CEO and founder of Babel Finance, is leading efforts to restructure the now embattled crypto asset unicorn while introducing a new decentralized project with hopes to avoid some of the flaws of his previous venture. In...
25.07.2022Thai authorities investigates possible losses for Zipmex usersCryptoNews Xavier Kong · 25 Jul 2022 · 1 min readThai authorities investigates possible losses for Zipmex users Thailand’s Securities and Exchange Commission is investigating potential losses for investors after crypto exchange Zipmex’s tem...
21.06.2022HK crypto lender reaches debt deals to ease liquidity pressureCryptoNewsStartups Thao Lam La · 21 Jun 2022 · 1 min readHK crypto lender reaches debt deals to ease liquidity pressure Babel Finance, a Hong Kong-based crypto lending platform, has reached preliminary agreements with counterparties on the ...
17.06.2022Another crypto lending platform is freezing withdrawals as the industry's downward spiral continuesCrypto lender Babel is freezing withdrawals for users due to "unusual liquidity pressures." It's the second major platform to do so this week as the crypto market faces a massive selloff. Advertisement Another major crypto lending...
17.06.2022Babel Finance Temporarily Suspends Withdrawals Due to “Unusual Liquidity Pressure”Hong Kong-based cryptocurrency lending company Babel Finance has temporarily suspended its services, citing liquidity pressure due to extreme market conditions. Babel Finance Halts Withdrawals In a blog post on Friday, Babel Finance stated ...
27.05.2022Babel Finance Now Valued at US$2 Billion With US$80 Million FundraiseBabel Finance, a Hong Kong-based wholesale crypto financial services provider, announced that it has raised a US$80 million Series B financing round at a valuation of US$2 billion.
26.05.2022Babel Finance bags $80m Series B at $2bn valuationHong Kong-based Babel Finance, a wholesale crypto financial services provider, has completed an $80 million Series B round at a valuation of $2 billion. Babel Finance raises $80m Series B Investors in this round were Jeneration Capital and ...
25.05.2022Sequoia China-Backed Crypto Financial Services Firm Hits $2 Billion ValuationDel Wang, cofounder and CEO of Babel Finance. Babel Finance
25.05.2022Crypto Lender Babel Finance Lands Unicorn Status With $80M Series BBabel Finance reached unicorn status after raising $80 million in a funding round that valued the crypto financial services provider at $2 billion. The leading investors were China-focused venture capital fund Jeneration Capital, U.S. crypt...
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