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WeLab

30.11.2020
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Banking Software and API
Hong Kong

WeLab

Bringing joy to your financial journey

WeLab is a leading fintech company in Asia with one of the first virtual banks established in Hong Kong. WeLab provides financial services by creating seamless digital experiences for over 42 million users and 300+ companies across Hong Kong, Mainland China, and Indonesia. Using its proprietary risk management technology and advanced AI capabilities, WeLab effectively analyzes unstructured mobile big data within seconds to provide innovative financial services and offer consumer financing solutions for individual customers. The company also offers B2B enterprise solutions by partnering with traditional financial institutions, which utilize WeLab’s technology to offer fintech-enabled services to their customers.

WeLab operates WeLend and the WeLab Bank in Hong Kong, WeLab Digital (我来数科), Taoxinji (淘新机) and Tianmian Lab (天冕) in Mainland China and AWDA, a fintech joint venture with PT Astra International in Indonesia.

WeLab’s investors include Malaysian sovereign wealth fund Khazanah Nasional Berhad, CK Hutchison’s TOM Group, International Finance Corporation (a member of the World Bank Group), Alibaba Entrepreneurs Fund, Sequoia Capital, and ING Bank.

Tags

  • Active
  • Unicorn

Company Details

Legal name
WELAB LIMITED
Company registration
2125308
Founded in
2013
Employees
176

News

Latest News 1
https://www.pymnts.com/news/investment-tracker/2021/hong-kong-welab-raises-75-million-dollars-allianz/
Latest News 2
https://www.bloomberg.com/press-releases/2021-03-08/welab-completes-initial-close-of-series-c-1-funding-led-by-allianz-x-for-us-75-million-and-announces-strategic-partnership
Latest News 3
https://www.prnewswire.com/news-releases/welab-completes-initial-close-of-series-c-1-funding-led-by-allianz-x-for-us75-million-and-announces-strategic-partnership-301242133.html

Financing Rounds

Financing rounds currency
US Dollars $
Last financing round
2021
Capital raised last round in millions
75
2nd last financing round
2019
Capital raised 2nd last financing round in millions
156
3rd last financing round
2017
Capital raised 3rd last financing round in millions
220
4rd last financing round
2016
Capital raised 4rd last financing round in millions
185
5th last financing round
2015
Capital raised 5th last financing round in millions
20
6th last financing round
2013
Total capital raised in millions
656
Valuation in millions
1200

Financials

Financial reporting currency
US Dollars $

Contact Information

Website
welab.co
Social Information
Address
Room 2205-12, 22/F, K11 Atelier King's Road, 728 King's Road, Quarry Bay, Hong Kong

Location

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