About BabelFinance
BabelFinance is a company based in Hong Kong (China) founded in 2018 by Del Wang and Flex Yang. BabelFinance has raised $120 million across 2 funding rounds from investors including Circle, DRAGONFLY and Jeneration. BabelFinance operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter Hong Kong, China
- Founders Del Wang, Flex Yang
- Stage Unicorn
- SectorsFinancial Services
- Email••••••••
- Website babel.finance
- Social LinkedIn X
- Total Equity Funding$120M (USD)
in 2 rounds
- Latest Funding Round$80M (USD), Series B
May 2022
- InvestorsCircle
& 7 more
Funding Insights of BabelFinance
BabelFinance has successfully raised a total of $120M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $80 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $120M
- Total Rounds 2
- Last Round Series B — $80M
- First Round $40M
(May 2021)
- Investors Count 8
All 2 funding rounds of BabelFinance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $80M | Series B | $2B | Jeneration, 10T | |
| May 2021 | $40M | Series A | – | Sequoia Capital |
| Date | Valuation | Stage |
|---|---|---|
| May 2022 | $2B | •••••••• |
Last known valuation $2B (May 2022). 8 investors in total: 8 institutional.
Investors in BabelFinance
BabelFinance has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Circle, DRAGONFLY and Jeneration.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture and private equity firm | – | jeneration.com | Palo Alto, United States | |
BAI Capital is engaged in investment and financial services. | – | bai-cap.com | Beijing, China | |
Venture capital and equity principal services are provided by Dragonfly. | 2018 | dragonfly.xyz | Oakland, United States | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Venture and private equity investments are managed with global diversification. | – | tigerglobal.com | New York, United States | |
Growth equity investments are made in the Digital Asset Ecosystem. | 2021 | 10tfund.com | Greenwich, United States | |
Educational support services are provided globally by Bertelsmann. | – | bertelsmann.com | Gutersloh, Germany | |
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | circle.com | Boston, United States |
Investor details for BabelFinance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of BabelFinance
7 people are tracked at BabelFinance (6 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Del Wang | Co-Founder | Leadership |
Flex Yang | Founder & CEO | Leadership |
Zhang Yue | Sales Director | Leadership |
Jeff Zhao | Director of Public Relations | Leadership |
Wei Y. | Head of HR | Leadership |
allen hu | Technical Director | Leadership |
Hongying L. | Business Analyst | Team |
Complete people profiles for BabelFinance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of BabelFinance
4 dated milestones of BabelFinance across 4 years, from founding to its latest funding, stage changes and deals.
- Founded BabelFinance is founded.
- Funding First funding round of $40.0M.
- Funding Latest funding round, Series B, of $80.0M.
- Milestone Reaches Unicorn status.
Competitors of BabelFinance
BabelFinance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| consensys.io | 2014 | Fort Worth, United States | $725M | 900 | Developer of blockchain and web3 software platform | |
| luno.com | 2013 | London, United Kingdom | $13M | 127 | Mobile app for storing and trading cryptocurrencies is utilized. | |
| uphold.com | 2013 | London, United Kingdom | $73.36M | 14 | App-based wallet and exchange platform for cross-border money transfers | |
| coins.ph | 2014 | Pasig, Philippines | $40M | – | Digital wallet for Bitcoin assets | |
| blockfi.com | 2017 | Jersey, United States | $465.65M | – | Crypto trading, loans, interest accounts, and wallets are offered online. | |
| crypto.com | 2016 | Singapore | – | – | App-based trading and deposit solutions for cryptocurrency are provided. | |
| bitgo.com | 2013 | Palo Alto, United States | $170.5M | 166 | Crypto-based custody, trading, and lending services are provided to institutions. | |
| fireblocks.com | 2018 | New York, United States | $1.04B | – | Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service | |
| matrixport.com | 2019 | Singapore | $100M | 290 | App-based platform offering crypto investment products and financial services solutions | |
| galaxy.com | 2018 | New York, United States | – | 390 | Galaxy is recognized as a leader in digital assets and data center infrastructure. |
Detailed competitors of BabelFinance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Latest news on Babelfinance
Complete news archive for BabelFinance
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to BabelFinance
10 companies that operate in the same segment as BabelFinance (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about BabelFinance
BabelFinance was founded in 2018 and raised its 1st funding round 3 years after it was founded.
BabelFinance is headquartered in Hong Kong, China.
Flex Yang is the current CEO of BabelFinance. They have also founded this company.
BabelFinance is a funded company, having raised a total of $120M across 2 funding rounds to date. The company's 1st funding round was a Series A of $40M, raised on May 2021.
BabelFinance was founded in 2018 in Hong Kong, China, within the cryptocurrency finance sector. Loans are extended to users who pledge assets such as Bitcoin, Ether, Ripple, or Stellar lumens, with fiat currency amounts determined by an automatic credit module. Deposit products and funds of funds are also provided. The platforms application is accessible on iOS and Android devices, supporting operations in digital asset lending and investment management.
BabelFinance has 8 investors. Key investors include Circle, DRAGONFLY, Jeneration, 50T Funds, and BAI Capital.
The valuation of BabelFinance is $2B as of May 2022.