Jeneration Capital and 10T Holdings led a $80m series B funding round in Babel Finance.

Jeneration Capital, a growth capital asset manager, and 10T Holdings, a growth equity fund, led a $80m series B funding round in Babel Finance, a crypto financial service provider. "The crypto financial market is full of opportunities and hidden risks. From the perspective of short-term profits, the retail market and Altcoins may have higher profit margins, but we pay more attention to the long-term development of the industry and aim to lead in institutional financial services and innovation. This not only helps to overcome the many uncertainties in the early stage of the industry, including regulatory and market uncertainties, it also protects our customers to the greatest extent," Del Wang, Babel Finance co-founder and CEO.