# Del Wang

> Del Wang, also known as Wang Li, is a Babel Finance co-founder and former CEO. His career spans ICBC, early fintech ventures BowenPay and 0fenbei, and institutional crypto lending. Babel announced a $2 billion valuation in May 2022 before suspending withdrawals in June. In September 2026, Singapore’s High Court dismissed Parastate’s personal claims against him.

- **Role:** Co-founder and former CEO of Babel Finance
- **Organizations:** Babel Finance, Industrial and Commercial Bank of China (ICBC), BowenPay, 0fenbei
- **Education:** China Agricultural University
- **Known for:** Co-founded Babel Finance and led it as CEO during its 2022 Series B., Founded Ripple-based payments venture BowenPay before Babel., Co-founded microfinance data platform 0fenbei.

## Career timeline

- **Before 2018** — Worked at ICBC and founded BowenPay and 0fenbei.
- **2018** — Co-founded Babel Finance with Flex Yang.
- **2020** — Joined Flex Yang on Mable Jiang’s 51% podcast.
- **2021-05** — Babel announced a $40 million Series A.
- **2021-09** — Babel announced a Singapore business headquarters and appointed Shanshan Yu CEO of Babel Asia.
- **2021-12-06** — Babel Holding’s board appointed Wang CEO, succeeding Yang.
- **2022-05-25** — Babel announced an $80 million Series B at a $2 billion valuation.
- **2022-06-17** — Babel suspended withdrawals and redemptions.
- **2022-12-28** — Removed as a Babel Holding director.
- **2026-09-01** — Singapore High Court dismissed Parastate’s claims against Wang in their entirety.

## Achievements

- Co-founded Babel Finance and led it as CEO during its 2022 Series B.
- Founded Ripple-based payments venture BowenPay before Babel.
- Co-founded microfinance data platform 0fenbei.

## Latest updates

- **2026-09** — In Parastate Labs, Inc v Wang Li and others [2026] SGHC 178, the Singapore High Court dismissed the remaining claims against Wang. This was a particular civil dispute, not a determination of every issue arising from Babel’s collapse.

## Links

- LinkedIn: https://sg.linkedin.com/in/del-wang-577a109b

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Profile page: https://yespress.io/del-wang
Published by YesPress — https://yespress.io
Last updated: 2026-10-15