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
Locked
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Phone
Locked
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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People of BabelFinance
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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.
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.
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Venture and private equity firm
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BAI Capital is engaged in investment and financial services.
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Venture capital and equity principal services are provided by Dragonfly.
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Investor details for BabelFinance
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Investments & Acquisitions by BabelFinance
Investment portfolio details for BabelFinance
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Financial Statements - BabelFinance
Detailed financials for BabelFinance
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Babelfinance Comparisons
Peer comparison for BabelFinance
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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 year | HQ Location | Description |
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Developer of blockchain and web3 software platform
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Mobile app for storing and trading cryptocurrencies is utilized.
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App-based wallet and exchange platform for cross-border money transfers
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Digital wallet for Bitcoin assets
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Crypto trading, loans, interest accounts, and wallets are offered online.
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App-based trading and deposit solutions for cryptocurrency are provided.
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Detailed competitors of BabelFinance
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Latest news on Babelfinance
Complete news archive for BabelFinance
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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.
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.