Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Crypto Lender Babel Finance Gains $40M From Investors

CryptocurrencyMay 11, 2021 04:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Crypto Lender Babel Finance Gains $40M From Investors

  • Babel Finance raised $40 million through big-name investors.
  • With these new investors, Babel plans to expand its business.
Babel Finance, a crypto-lending Chinese start-up, has just earned $40 million from some big-name investors. Babel Finance has made quite the buzz in the crypto space. So far, it has lent its services to over 500 institutional clients. Moreso, its core lending service alone has hit $2 billion in active outstanding loans.

In its early stages of raising funds, the venture was led by Dragonfly Capital, Sequoia Capital China, and Zoo Capital. Later on, BAI Capital and Tiger Global joined the venture. The latest additions to the venture will assist Babel in its expansion across Asia, Europe, and North America.

Babel Finance’s CEO and founder, Flex (NASDAQ:FLEX) Yang, said,

The alliance [will allow us to] provide a full suite of reliable services to meet the growing demand from mainstream investors who are keen to add crypto assets in their portfolio.

Additionally, Yang said that Bitcoin was once upon a time, a “sort of an alt asset”. However, since it hit $1 trillion in market cap, Yang believes that people will now be more comfortable with thinking of BTC as a proper asset class.

Since its foundation in 2018, Babel has actively explored the crypto market to offer the best services it could bring to the relatively new market. The current boom of digital assets was a loud calling for the firm.

Presently, Babel Finance runs three major services in their business. These include — crypto lending, asset management, and institutional services. The latter will assist finance firms in accessing big-time crypto exchanges. Thus, Babel will help clients with risk control technology. The firm currently holds 100,000 BTC. Furthermore, Yang foresees attracting up to 1 million Bitcoins into the company’s services over the next four years. Moreover, Babel aims to double its staff to 100 employees within this year.

This article was first published on

Continue reading on CoinQuora

Crypto Lender Babel Finance Gains $40M From Investors

Related Articles

India to regulate, not ban, crypto: Cabinet documents
India to regulate, not ban, crypto: Cabinet documents By Cointelegraph - Dec 02, 2021

According to reports from local media, the Indian government will not move for an outright ban on crypto and will instead regulate the sector. On Nov. 23, Cointelegraph reported...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email