Babel Finance hits a $2bn valuation with $80mn funding
Unfazed by the crypto winter, crypto firm Babel raises $80 million to hit a valuation of $2 billion
By Shashank Bhardwaj
Babel Finance, a crypto firm providing a wide range of financial products for institutions, reached unicorn status after raising $80 million in a Series B funding round. The crypto financial services firm now has a valuation of $2 billion.
Crypto markets are currently in a severe bear phase. Despite that, a number of crypto firms are bagging multi-million dollar deals. Babel Finance is another addition to the list. It is a Hong Kong-based Bitcoin startup offering lending and borrowing services and other financial services products to big investors and institutions.
The writer is the founder at yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash
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