Closes US$80M Series B Funding –

Babel Finance: Closes US$80M Series B Funding –

Babel Finance Closes US$80M Series B Funding

  • Babel Finance, Hong KongProvider of wholesale crypto financial services, based in the United States US$80MIn Series B funding at a valuation of US$2 billion
  • Backers Included Jeneration Capital, 10T Holdings, Dragonfly Capital, BAI Capital, Circle Ventures, and many family offices in the Asia-PacificRegion
  • TheThe company plans to use the funds for expansion of operations and to expand its business reach
  • TheThe company serves a small clientele of approximately 500 customers and limits its business to BTC and ETH.
  • BabelFinanceAn outstanding loan balance of more that US$3 billion and an average monthly trading volume US$800 million in derivatives
  • SinceThe US$40 Million SeriesA funding in May 2021, BabelFinance’s team has grown from around 50 people to over 170 currently

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