Babel Finance
Babel Finance was a Singapore-headquartered cryptocurrency financial services firm that provided crypto lending, trading, and asset management to institutional clients including banks, funds, and high-net-worth investors. The company defaulted in 2022.
- Company typePrivate
- Founded2020
- HeadquartersHong Kong, Hong Kong SAR China
- Headcount11–50
- GTM typeB2B
- OfferingServices
Babel Finance firmographics
Firmographics- Name
- Babel Finance
- Legal name
- Babel Finance
- Website
- https://babel.finance
- Company type
- Private
- Founded year
- 2020
- Operating status
- Closed
- Headcount range
- 11–50 employees
- Short description
- Babel Finance was a Singapore-headquartered cryptocurrency financial services firm that provided crypto lending, trading, and asset management to institutional clients including banks, funds, and high-net-worth investors. The company defaulted in 2022.
- Ownership category
- akta.pro rank
Babel Finance industry classification
Industry- Product category
- Cryptocurrency Financial Services
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Institutional / OTC Crypto Credit & Bilateral Lending (FSADAFAD)
- akta.pro secondary industries
- Crypto Borrowing & Margin Credit Facilities (FSADAFAC), Treasury Management & Corporate Crypto Yield Programs (FSADAHAL)
Keywords
Where Babel Finance is headquartered
LocationHeadquarters
- HQ city
- Hong Kong
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices1 record
Markets served
Babel Finance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Crypto Lending: Babel Finance generates revenue through providing crypto lending services to institutional clients, enabling them to borrow against cryptocurrency holdings or access fiat liquidity using crypto as collateral.
- Crypto Trading Services: Revenue generated from trading services offered to institutional clients including banks, funds, and high-net-worth investors in the cryptocurrency market.
Go-to-market motion1 record
Distribution channels1 record
Babel Finance product offering
Product offeringCore offering
Babel Finance provided institutional cryptocurrency financial services, including crypto lending (allowing clients to borrow against digital asset holdings or access fiat liquidity using crypto as collateral), institutional crypto trading services for banks, funds, and high-net-worth investors, and digital asset management offerings. The firm focused exclusively on serving institutional and HNW clients rather than retail users.
Differentiator
Problem solved
Functional benefit
Products and services
- Crypto Lending Crypto lending services for institutional clients including banks, funds, and high-net-worth investors, enabling them to borrow against cryptocurrency holdings or access fiat liquidity using crypto as collateral.
- Crypto Trading Cryptocurrency trading services targeting institutional clients including banks, funds, and high-net-worth investors, generating transaction-fee revenue.
- Asset Management Digital asset management services for institutional investors, developed as part of the offerings funded by the company's Series A round.
Companies that use Babel Finance
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles1 record
Babel Finance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Babel Finance partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ChainalysiscoreBabel Finance partnered with Chainalysis to enhance compliance capabilities. This partnership was specifically mentioned as part of the Series A funding announcement, with funds allocated to develop crypto lending and asset management offerings while strengthening compliance through the Chainalysis relationship.
Scale indicators3 records
Babel Finance competitors and assessment
Company assessmentDirect peers
- Genesis Global Capital: Institutional crypto lending and trading desk serving hedge funds and OTC counterparties. Closest comparable given institutional client base, bilateral credit model, and parallel 2022 default trajectory.
- BlockFi: Crypto lending and trading platform with institutional and HNW products. Comparable on credit products, yield offerings, and 2022 insolvency event.
- Celsius Network: Crypto lending and borrowing platform that collapsed in 2022. Direct peer on institutional and retail credit activities and on the resulting bankruptcy proceedings.
- Voyager Digital: Crypto broker and lender that filed for bankruptcy in 2022. Comparable on institutional crypto credit exposure and failure dynamics driven by counterparty defaults.
- Maple Finance: On-chain institutional credit marketplace connecting lenders to crypto-native funds. Directly comparable on institutional credit underwriting and balance-sheet lending to trading firms.
- Nexo: Crypto-backed lending and trading platform serving institutional and accredited clients. Comparable on institutional credit products and digital asset yield offerings.
Emerging players
- Ledn: Crypto-backed lending platform focused on bitcoin-collateralized credit. Comparable on the crypto credit product set though narrower in institutional breadth than Babel.
Broad incumbents
- Galaxy Digital: Diversified crypto financial services firm spanning trading, lending, asset management and principal investments. Comparable on the multi-product institutional crypto services bundle.
- Silvergate Bank: Crypto-native bank providing fiat rails and lending services to digital asset clients. Comparable as an institutional crypto credit and payments counterparty that also wound down in 2023.
- Coinbase Institutional: Institutional arm of a major crypto exchange offering custody, financing, and trading services to banks, funds and HNW investors. Comparable on the institutional crypto services bundle.
Market position
Customer concentration
Babel Finance social profiles
Digital presenceBabel Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Babel Finance leadership team
Management profileNumber of profiles
Profiles2 records
Babel Finance funding detail
Funding detailFunding overview
Funding rounds4 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Babel Finance M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Babel Finance
What does Babel Finance do?
Babel Finance provided institutional cryptocurrency financial services, including crypto lending (allowing clients to borrow against digital asset holdings or access fiat liquidity using crypto as collateral), institutional crypto trading services for banks, funds, and high-net-worth investors, and digital asset management offerings. The firm focused exclusively on serving institutional and HNW clients rather than retail users.
Is Babel Finance a public or private company?
Babel Finance is a private company. It is classified as venture growth investor backed and is currently closed.
When was Babel Finance founded?
Babel Finance was founded in 2020. It employs 11 to 50 people.
Where is Babel Finance based?
Babel Finance is headquartered in Hong Kong, Hong Kong SAR China, in the Asia region.
How does Babel Finance make money?
Two revenue lines are on record. Crypto Lending is the primary driver. The others are crypto Trading Services.
Who are Babel Finance's main competitors?
Direct peers on record are Genesis Global Capital, BlockFi, Celsius Network, Voyager Digital, Maple Finance and Nexo. Ledn is listed as an emerging player. Broad incumbents are Galaxy Digital, Silvergate Bank and Coinbase Institutional.
Does Babel Finance have an API?
No public API is recorded for Babel Finance.
What industry is Babel Finance in?
Babel Finance's product category is Cryptocurrency Financial Services. Its primary akta.pro industry code is FSADAFAD, Institutional / OTC Crypto Credit & Bilateral Lending, with a secondary code of FSADAFAC, Crypto Borrowing & Margin Credit Facilities. Its NAICS code is 523 and its SIC code is 6200.