# BabelBank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/babelbank

- Industry: Financial Services
- Headquarters: Hong Kong SAR - China
- Website: www.babelbank.io
- Total disclosed funding: $120M
- Latest round: Series B (May 26, 2022)
- Investors on record: 12

## About

Established in 2018 and based in China, BabelBank is a digital currency bank that focuses on digital currency deposits and loans and blockchain asset financing, etc. The company has more than 20 employees.

The company engages in blockchain finance. Its main products include toC digital currency deposit and loan, toB digital currency deposit and loan business "OpenAPI", etc. The company's target customers are high-net-worth users who hold USDT and funds, family offices and private banking customers who are interested in investing in digital currencies.

## Funding rounds

- Series B, May 26, 2022, $80M — BAI Capital, Jeneration Capital, Dragonfly Digital Management, 50T, Circle Ventures
- Series A, May 11, 2021, $40M — Hong Shan, Tiger Global Management, Bertelsmann Digital Media Investments, BAI Capital, Dragonfly Digital Management, Zoo Capital
- Angel, Sep 10, 2018 — Lightspeed Venture Partners, ZhenFund, CollinStar Capital

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Angel
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Angel
- CollinStar Capital — Angel
- 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