Babel Finance: Closes US$80 million Series B fundraising round at US$2 billion valuation

Babel Finance: Closes US$80 million Series B fundraising round at US$2 billion valuation

• Babel Finance is a leader in the crypto financial institutional investor services market
• Announced the completion of a US$80 million Series B financing round at a valuation of US$2 billion
• The main investors in this round include Jeneration Capital and 10T Holdings
• Other investors include Circle Ventures and a number of family offices in the Asia-Pacific region
• The company limits its business to BTC, ETH and stablecoins, and serves a select clientele of about 500 customers
• At the end of 2021, the firm had an outstanding loan balance of more than US$3 billion