# Babel Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/babel-finance

- Industry: Financial Services
- Headquarters: Hong Kong SAR - China
- Website: http://www.babel.finance
- Total disclosed funding: $122M
- Latest round: Series B (May 25, 2022)
- Investors on record: 10

## About

Established in 2018 and based in Hong Kong, China, Babel Finance is a financial services company that focuses on providing crypto-financial services. The company has partnered with over 500 institutional clients worldwide. As of the end of February 2021, PayPal Financial had a balance of $2 billion in credit and an average monthly crypto-asset derivatives trading volume of $8 billion. In May 2022, it raised USD 80 million in series B funding co-led by new investors 10T and Jeneration Capital, with participation from another new investor Circle Ventures. Returning investors Dragonfly Capital and BAI Capital, and other unspecified investors also participated in the round.

The company offers crypto-backed loans, deposit services, financing, margin trading and other derivative services.

## Funding rounds

- Series B, May 25, 2022, $80M — BAI Capital, Jeneration Capital, Dragonfly Digital Management, 50T, Circle Ventures
- Series A, May 10, 2021, $40M — Hong Shan, Tiger Global Management, Bertelsmann Digital Media Investments, BAI Capital, Dragonfly Digital Management, Zoo Capital
- Seed, Nov 1, 2018, $2M — Next Generation Capital

## Investors

- Next Generation Capital (https://capitalatlas.ai/funds/next-generation-capital) — Seed
- Hong Shan — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- Bertelsmann Digital Media Investments (https://capitalatlas.ai/funds/bertelsmann-digital-media-investments) — Series A
- BAI Capital (https://capitalatlas.ai/funds/bai-capital) — Series A, Series B
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Series A, Series B
- Zoo Capital — Series A
- Jeneration Capital (https://capitalatlas.ai/funds/jeneration-capital) — Series B
- 50T (https://capitalatlas.ai/funds/50t) — Series B
- Circle Ventures — Series B