Babel Finance Attracts $80M in Latest Funding Round and Hits $2B Valuation

Babel Finance, a crypto financial service provider, has closed a $80M Series B funding round that has brought the company valuation to $2B, the company has reported on its official site.

The fundraising has been led by Jeneration Capital and 10T Holdings. Other participants include Circle Ventures, several Southeast Asian family offices and existing investors BAI Capital and Dragonfly Capital.

The main business lines of the company are crypto lending and trading, focusing specially on serving institutional investors.

The company recorded more than $3 billion in outstanding loans and averaged $800 million in crypto derivatives trading per month at the end of last year.

Babel Finance only operates with Bitcoin, Ethereum and stablecoins.