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
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120 M (USD)
in 2 rounds
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Latest Funding Round
$80 M (USD), Series B
May 25, 2022
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Investors
Circle
& 7 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 2
- Last Round Series B — $80.0M
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First Round
First Round
(10 May 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - BabelFinance | Valuation | Jeneration , 10T | |
| May, 2021 | Amount | Series A - BabelFinance | Valuation | Sequoia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture and private equity firm
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Founded Year | Domain | Location | |
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BAI Capital is engaged in investment and financial services.
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Founded Year | Domain | Location | |
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Venture capital and equity principal services are provided by Dragonfly.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BabelFinance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BabelFinance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Babelfinance Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
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| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
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| domain | founded_year | HQ Location |
Digital wallet for Bitcoin assets
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| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| domain | founded_year | HQ Location |
App-based trading and deposit solutions for cryptocurrency are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Babelfinance
Frequently Asked Questions about BabelFinance
When was BabelFinance founded?
BabelFinance was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is BabelFinance located?
BabelFinance is headquartered in Hong Kong, China.
Who is the current CEO of BabelFinance?
Flex Yang is the current CEO of BabelFinance. They have also founded this company.
Is BabelFinance a funded 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 10, 2021.
What does BabelFinance do?
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.
Who are the top competitors of BabelFinance?
Who are BabelFinance's investors?
BabelFinance has 8 investors. Key investors include Circle, DRAGONFLY, Jeneration, 50T Funds, and BAI Capital.
What is BabelFinance's valuation?
The valuation of BabelFinance is $2B as of May 2022.
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