Hong Kong Fintech WeLab Raised $220 Million in Series D Funding (Equity & Debt), Raised $75 Million at Reported $2 Billion Valuation in 2021, Founded in 2013 by Simon Loong, Kelly Wong & Frances Kang, Investors Include HSBC, Prudential, Fubon Bank, China Construction Bank, Hong Kong Investment Corp (HKIC), Khazanah Nasional, Sequoia Capital, Allianz X & TOM Group (Largest Shareholder: CK Hutchison Holdings)
16th January | Hong Kong
Hong Kong fintech WeLab has raised $220 million in Series D funding (Equity & debt), having raised $75 million at reported $2 billion valuation in 2021. WeLab was founded in 2013 by Simon Loong, Kelly Wong & Frances Kang. WeLab investors include HSBC, Prudential, Fubon Bank, China Construction Bank, Hong Kong Investment Corp (HKIC), Khazanah Nasional, Sequoia Capital, Allianz X & TOM Group (Largest Shareholder: CK Hutchison Holdings). WeLab – Today, WeLab has successfully scaled up as a leading pan-Asian fintech platform, operates one of the first licensed digital banks in Asia – WeLab Bank, as well as multiple online financial services with leading positions in Hong Kong, Mainland China, and Indonesia, with over 70 million individual users and over 700 enterprise customers. WeLab uses game-changing technology to help customers access credit, save money, and enjoy their financial journey. Powered by proprietary risk management technology, patented privacy computing techniques, and advanced AI capabilities, WeLab offers mobile-based consumer financing solutions and digital banking services to retail individuals and technology solutions to enterprise customers. We continue to work tirelessly, every single day, to provide greater convenience and accessibility to financial services.
“ Hong Kong Fintech WeLab Raised $220 Million in Series D Funding (Equity & Debt), Raised $75 Million at Reported $2 Billion Valuation in 2021, Founded in 2013 by Simon Loong, Kelly Wong & Frances Kang, Investors Include HSBC, Prudential, Fubon Bank, China Construction Bank, Hong Kong Investment Corp (HKIC), Khazanah Nasional, Sequoia Capital, Allianz X & TOM Group (Largest Shareholder: CK Hutchison Holdings) “
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Hong Kong Fintech WeLab Raised $220 Million in Series D Funding (Equity & Debt), Raised $75 Million at Reported $2 Billion Valuation in 2021, Founded in 2013 by Simon Loong, Kelly Wong & Frances Kang, Investors Include HSBC, Prudential, Fubon Bank, China Construction Bank, Hong Kong Investment Corp (HKIC), Khazanah Nasional, Sequoia Capital, Allianz X & TOM Group (Largest Shareholder: CK Hutchison Holdings)
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