Startups
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.
Overview
Location
China, Hong Kong Island, Hong Kong
Employees
51-200
Total raised
$120M
Valuation
$2B
Founded date
2018
Investors 2
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| Oct 22, 2022 | Multicoin Capital | multicoin.capital |
Funding Rounds 2
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| May 10, 2021 | Series A round | $40M |
Mentions in press and media 33
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Mar 13, 2023 | Founder of troubled crypto asset unicorn Babel launches new DeFi project, stablecoin | Flex 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... |
| Jul 25, 2022 | Thai authorities investigates possible losses for Zipmex users | CryptoNews 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... |
| Jun 21, 2022 | HK crypto lender reaches debt deals to ease liquidity pressure | CryptoNewsStartups 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 ... |
| Jun 17, 2022 | Babel 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 ... |
| Jun 17, 2022 | Another crypto lending platform is freezing withdrawals as the industry's downward spiral continues | Crypto 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... |
| May 27, 2022 | Babel Finance Now Valued at US$2 Billion With US$80 Million Fundraise | Babel 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. |
| May 26, 2022 | Babel Finance bags $80m Series B at $2bn valuation | Hong 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 ... |
| May 25, 2022 | Crypto Lender Babel Finance Lands Unicorn Status With $80M Series B | Babel 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... |
| May 25, 2022 | Hong Kong-Based Crypto Startup Babel Finance Hits $2B Valuation After Raising $80 Million | Hong Kong-based crypto financial services provider Babel Finance has raised $80 million in a Series B funding round at a $2 billion valuation. Babel Hits $2B Valuation The round was led by global investment firm Jeneration Capital and 10T H... |
Show more
Reviews 0
FAQ about Babel Finance
When was Babel Finance founded?
Babel Finance was founded in 2018.
How much funding has Babel Finance raised?
Babel Finance has raised $120M in total across 2 funding rounds.
What funding rounds has Babel Finance raised?
Parsers VC lists 2 funding rounds of Babel Finance, among them a Series A round of $40M on May 10, 2021.
Who has invested in Babel Finance?
Parsers VC lists 2 investors of Babel Finance, among them Multicoin Capital.
What has the press written about Babel Finance?
Parsers VC has collected 33 articles mentioning Babel Finance, among them “Founder of troubled crypto asset unicorn Babel launches new DeFi project, stablecoin” (Mar 13, 2023) and “Thai authorities investigates possible losses for Zipmex users” (Jul 25, 2022).
Is Babel Finance still active?
Yes, Babel Finance is active; its latest activity on Parsers VC dates from Nov 13, 2023.