Join Our Mailing List
Thursday January 26, 2023
Bitcoin (BTC) $23,050.18   Ethereum (ETH) $1,601.75
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Capital Raising

NGC Ventures boosts growth of crypto service provider Babel Finance

The crypto-financial services provider expands footprint to Beijing, Seoul and Singapore

Published by CryptoNinjas.net
10/17/2019
NGC Ventures boosts growth of crypto service provider Babel Finance

Babel Finance, a cryptocurrency financial services company, has today summarized positive growth after a strategic investment by NGC Ventures, a leading blockchain investment firm, in October 2018.

Following NGC’s investment just 12 months prior, Babel Finance has since recorded growth in loan volume from USD 5 million to USD 380 million, grown its staff size from 15 to 50 employees, and has expanded its footprint by establishing offices in Beijing, Seoul, and Singapore.

“It is our uniform aim to identify and prioritize forward-looking projects that can demonstrate sustainable growth. With a keen view on the developing crypto-finance ecosystem, Babel Finance astutely captures the issue of financial access and mobility, empowering citizens of the next digital economy. While we’re proud to have supported Babel Finance throughout the beginning stages of their growth, we are truly excited for what the future holds as the project continues to underwrite an evolving financial ecosystem.”
– Roger Lim, Founding Partner of NGC Ventures

Babel Finance

A full-service provider of crypto assets, Babel Finance’s range of financial products encompass crypto-backed loans, crypto staking, BTC derivatives trading, OTC transactions, inter-institution swaps, and offerings, as well as various investment plans. Babel Triple, a premium leverage offering that automates the buy-sell process for assets on the exchange in real-time, was launched in June 2019. Babel Finance is in the process of launching TripleQ, an upgraded version of Triple.

“Since the establishment of our strategic investment partnership with NGC Ventures, Babel Finance has rapidly scaled in terms of both operations and product offering, allowing us to engage and meet the enveloping needs of a fast-growing crypto landscape. Residing at the heart of the next financial revolution, Babel Finance has achieved over $300 million outstanding loans since September 2018, registering a 200% monthly growth rate. An encouraging culmination of our efforts to be recognized as a trusted financial institution, the progress also ultimately underscores our ambitions to lay down the financial infrastructure for a new world.”
– Flex Yang, CEO of Babel Finance

Babel Labs

Babel Finance established Babel Labs in June 2019, a financial laboratory dedicated to the research and exploration of blockchain technologies across the financial sector. The laboratory also aims to support and create open-source technology as a bridge between traditional and decentralized finance. In July 2019, Babel Finance has expanded its business to Korea market by launching Bilibit, a South-Korean Joint Venture, to tap into the dynamic local cryptocurrency lending market. Babel Finance also oversaw the launch of the Financial Innovation Business unit in August 2019 in order to provide a wider range of innovative crypto-finance services and products to the market.

78
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Blockchain gaming incubator Seedify gets investment from NGC Ventures

02/08/2022
Blockchain gaming incubator Seedify gets investment from NGC Ventures

NGC Ventures, a crypto-focused investment firm, has announced a partnership with Seedify, a blockchain gaming incubator and launchpad. This strategic investment will drive Seedify’s expansion within the blockchain gaming arena and the wider metaverse....

Read more

NGC invests in Republic Realm to accelerate development of its metaverse platform

12/08/2021
NGC invests in Republic Realm to accelerate development of its metaverse platform

NGC Ventures, a crypto and blockchain investment firm, has announced an investment in Republic Realm. This strategic investment aims to drive Republic Realm's metaverse expansion and innovation efforts. Republic Realm invests, develops, and manages...

Read more

Crypto services provider Babel Finance secures $40M in Series A round

05/10/2021
Crypto service provider Babel Finance secures $40M in Series A round

Babel Finance, a crypto-financial service provider, today announced the completion of its Series A funding of USD $40 million. The round was led by Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital, Bertelsmann,...

Read more

Solana blockchain receives $100M investment from 5 different funds to grow its ecosystem

05/07/2021
Solana blockchain receives $100M investment from 5 different funds to grow its ecosystem

The Solana Foundation, overseers of the upstart layer-1 proof of stake (PoS) Solana blockchain protocol, announced today it has partnered with exchanges Huobi and Gate Labs, plus investment funds NGC Ventures and HashKey Group,...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy