Babel Finance
$120Mtotal raised · 2 rounds on record
$80Mlatest round · Series B · May 2022 · 4 yr ago
18stories in the press
2018founded
Funding and backers
Total raised
$120M
2 rounds on record
Latest round
$80M
Series B · May 2022 · 4 yr ago
The money's age
Long since its last round
53 months since the last round · not hiring
Momentum
0/100
no fresh signals
Last sign of life
this month
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Jun 17, 2022
On the Hacker News front page Crypto lending company Babel Finance halts redemptions and withdrawals · 100 points
May 25, 2022
Raised a round Series B $80M · PRNewswire
May 10, 2021
Raised a round Series A $40M · PRNewswire
2018
Founded
Tractionpublic signals, read monthly
Hacker News stories
2
best: 100 points
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Series B | May 2022 | $80M | — | PRNewswire |
| Series A | May 2021 | $40M | — | PRNewswire |
News
Babel Finance Loses $280 Million, 8,000 BTC Of Customer Funds: Report
A report cites a restructuring deck where Babel details unhedged 'risky' trading practices leading to mass liquidations which require massive debt to recover.
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Report
Another crypto lending platform is freezing withdrawals as the industry's downward spiral continues
Babel Finance will temporarily stop allowing users to take out their crypto holdings, the second lending firm to do so this week behind Celsius.
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Report
Crypto lender Babel Finance halts withdrawals due to liquidity pressures
Asian institutional crypto services provider Babel Finance has temporarily halted redemptions and withdrawals, citing
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Report
Babel Finance Suspends Withdrawals, Citing
Crypto lender Babel Finance is the latest company to freeze withdrawals following speculation about the possible collapse of hedge fund Three Arrows Capital.
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Report
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