Founded Year

2018

Stage

Loan | Alive

Total Raised

$168M

Valuation

$0000 

Last Raised

$48M | 1 mo ago

About Babel Finance

Babel Finance is a crypto financial service provider, offering crypto lending, asset management, and prime financing to institutions and qualified investors worldwide. It was formerly known as Babel Bank. The company was founded in 2018 and is based in Hong Kong.

Babel Finance Headquarters Location

Hong Kong, 100000,

Hong Kong

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Babel Finance's Products & Differentiation

See Babel Finance's products and how their products differentiate from alternatives and competitors

  • Lending

    credit loans and collateral loans backed by Bitcoin and other mainstream cryptocurrencies, which provide clients with flexibility to access liquidity without forgoing crypto assets

Research containing Babel Finance

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CB Insights Intelligence Analysts have mentioned Babel Finance in 2 CB Insights research briefs, most recently on May 26, 2022.

Expert Collections containing Babel Finance

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Babel Finance is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,180 items

B

Blockchain

4,835 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

W

Wealth Tech

1,954 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

D

Digital Lending

1,603 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

B

Banking

213 items

Challenger bank offer digitally native banking products (checking and savings account at the most basic) and either leverage partner banks or are fully-licensed banks themselves.

F

Fintech

3,080 items

Track and capture company information and workflow.

Latest Babel Finance News

Crypto Exchange Zipmex to Re-Open Bitcoin, Ethereum Withdrawals

Aug 9, 2022

Crypto Exchange Zipmex to Re-Open Bitcoin, Ethereum Withdrawals The next round of crypto withdrawals will give a majority of Zipmex clients the ability to withdraw Ethereum and Bitcoin. Create an account to save your articles. Troubled crypto exchange Zipmex slated August 11 and August 16 for the release of Ethereum and Bitcoin , respectively, after halting withdrawals in July, the firm’s announcement read . “We will be issuing frequent updates on our plans and timelines to release the remaining affected assets to users via each country’s official communications channels,” according to the announcement. On July 20, Zipmex halted withdrawals from the platform, citing financial roadblocks due to its exposure to Babel Finance and Celsius. Both firms have been at the center of the industry’s recent liquidity crisis. Following a restructuring plan, Zipmex has been preparing to work with customers and regulators to ensure funds are returned. These plans came into fruition last week when the exchange announced withdrawals for various altcoins , including Solana (SOL), Cardano (ADA) and Ripple (XRP). “We are working to ensure that we are in full compliance as we start to release some of these tokens into your Trade Wallet starting in the middle of August,” said Zipmex, announcing the release of the above-mentioned altcoins on August 2. Zipmex and crypto’s liquidity crisis Zipmex had exposure in the amount of $48 million in Babel Finance and $5 million in Celsius. Funds from Zipmex’s ZipUp+ interest-bearing accounts, called ZipUp+, had been deposited into Celsius. Then, Celsius paused withdrawals across the platform, including accounts linked to Zipmex, on June 13 and filed for bankruptcy the following day. Zipmex, officially unable to withdraw funds from Celsius, “wrote off this deposit and absorbed it through our own balance sheet.” These problems were aggravated by similar liquidity issues that plagued Babel Finance. “In order to prevent short-term market volatility due to what were, at the time, inaccurate and emerging reports on Zipmex’s exposure to Babel Finance, Zipmex took the decision to temporarily halt transfers between the Z Wallet and the Trade Wallet,” Zipmex reported last week. Stay on top of crypto news, get daily updates in your inbox. Your Email

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  • When was Babel Finance founded?

    Babel Finance was founded in 2018.

  • Where is Babel Finance's headquarters?

    Babel Finance's headquarters is located at Hong Kong.

  • What is Babel Finance's latest funding round?

    Babel Finance's latest funding round is Loan.

  • How much did Babel Finance raise?

    Babel Finance raised a total of $168M.

  • Who are the investors of Babel Finance?

    Investors of Babel Finance include Zipmex, Dragonfly Capital, BAI Capital, 10T Fund, Jeneration Capital and 12 more.

  • Who are Babel Finance's competitors?

    Competitors of Babel Finance include BlockFi and 3 more.

  • What products does Babel Finance offer?

    Babel Finance's products include Lending.

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