WeLab Stock
Financial Technology Company
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About WeLab Stock
WeLab is reinventing traditional financial services by creating seamless digital experiences. With the company's proprietary risk management technology, WeLab effectively analyzes unstructured mobile big data within seconds to provide innovative financial services and offer consumer financing solutions for individual customers. WeLab also offers B2B enterprise solutions by partnering with traditional financial institutions, which utilize WeLab’s technology to offer fintech-enabled services to their customers.
Investors
Access Industries
Gett, WeLab, ironSource, Cerebral, Deezer, Humacyte, TangoMe, Selina, Yotpo, Sentient Technologies
Alibaba Entrepreneurs Fund
Credit Suisse
Bloom Energy, Brex, Dataminr, Domo, WeLab, Kabbage, Prosper Marketplace, HomeLight, Credijusto, Uplift
Iconiq Capital
Flipkart, Chime, Articulate, Relativity Space, Netskope, DocuSign, Fivetran, Zymergen, ServiceTitan, Procore Technologies
International Finance Corporation
BigBasket, Bolt, Apeel Sciences, WeLab, Remitly, Andela, Springboard
Khazanah Nasional
Sequoia Capital
Market Kurly, Robinhood, Airbnb, Instacart, Tokopedia, Stripe, DoorDash, Rappi, CoinSwitch Kuber, UiPath
Funding History
| January 2015 | $20.0M |
|---|---|
| January 2016 | $160M |
| September 2016 | $25.0M |
| November 2017 | $220M |
| December 2019 | $156M |
Management
Chief Executive Officer
Simon Loong
Press
fiercebiotech - Apr, 21 2023
Taros Chemicals, Welab ink partnership deal to aid client R&Dfintechfutures - Nov, 25 2022
Hong Kong’s WeLab considers new funding roundfinance - Nov, 23 2022
Sequoia-Backed WeLab Seeks Funds at $2 Billion Value, Sources Saydlvr - Nov, 21 2022
FinTech WeLab Considers $250M Funding Round for APAC Expansionift - Sep, 29 2022
WeLab eyes a ‘pan-Asia franchise’ as digital banking footprint growsprnewswire - Sep, 19 2022
WeLab and Astra Complete the Acquisition of Bank Jasa Jakartaift - Sep, 19 2022
WeLab, Indonesian conglomerate close $518m deal to build local digibankbuff - Jul, 15 2022
Digital Banking: WeLab Introduces Wealth Advisory Servicetechinasia - Jul, 7 2022
Indonesian conglomerate set to pour $259m into WeLab-backed digibanktechinasia - Apr, 7 2022
HK fintech firm WeLab names new group advisorfinextra - Apr, 7 2022
WeLab appoints Bruno Lee as wealth management advisorspr - Dec, 21 2021
Video: fintech news pick of the week – Better.com, WeLab & Rapydtechinasia - Dec, 7 2021
WeLab enters Indonesia’s digibank space via an acquisitionTechCrunch - Dec, 7 2021
Hong Kong fintech unicorn WeLab raises $240M to buy Indonesian bankfinextra - Dec, 7 2021
WeLab to acquire Indonesian commercial bankprnewswire - Oct, 6 2021
WeLab and Apple Authorized Resellers Launch "Subscribe+ for Apple Products"dlvr - Jun, 16 2021
WeLab Bank introduces Apple Pay optionfinextra - Jun, 15 2021
WeLab brings Apple Pay to customerslaunchticker - Mar, 9 2021
Hong Kong fintech firm WeLab raises $75M Series C (extension) leddlvr - Mar, 9 2021
Old Meets New As Hong Kong’s WeLab Raises $75 Million From Allianzfinextra - Mar, 8 2021
WeLab moves into WealthTech space on Allianz investmentbuff - Mar, 8 2021
WeLab Raises US$75 Million in Funding Round Led by Allianzbuff - Jan, 14 2021
WeLab Bank Appoints Tat Lee as New Chief Executivetechstartups - Nov, 20 2020
Unicorn startup companies 2020: List of top 500 unicorn startups with valuation of $1 Billion+fintechfutures - Oct, 21 2020
Hong Kong challenger WeLab Bank goes live on Temenos Transactzpr - Oct, 20 2020
Hong Kong’s first multi-cloud challenger bank goes live with Temenosfinextra - Aug, 13 2020
HK virtual bank WeLab opens 10,000 accounts in first ten days; Livi goes livedlvr - Aug, 3 2020
WeLab Bank launches virtual bank servicesfintechdirect - Jul, 30 2020
WeLab Bank makes public launch in Hong Kongfinance - Jul, 30 2020
WeLab takes its virtual banking battle to Hong Kong's bricks-and-mortar lenders with higher rates, rebates in opening salvokoreaherald - Jul, 21 2020
Kurly founder named among world’s top female fundraisersfintechdirect - Jul, 20 2020
Virtual bank WeLab primes for Hong Kong action with numberless cardBloomberg - May, 19 2020
WeLab Group CEO on HKCashDrop Program, Coronavirus Impact, Virtual Bankfinextra - Dec, 13 2019
Hong Kong's WeLab raises $156 million as virtual bank launch approacheschinamoneynetwork - Dec, 13 2019
Alibaba Entrepreneurs Fund Backs HK Fintech Firm WeLab In $156M Series C RoundPR Newswire - Dec, 12 2019
WeLab raises US$156M in Series C strategic financing, completing the largest fintech fundraising in Greater China in 2019dealstreetasia - Apr, 10 2019
WeLab Digital secures online-only banking licence in Hong Kongbloomberg - Jun, 5 2018
Hong Kong Banks, Meet the 21st Centurytechnode - Apr, 16 2018
Hong Kong is a breeding ground for potential unicornsuk - Jan, 18 2018
Malaysia's Khazanah posts 8.2 pct rise in 2017 portfolio valuecommunity - Dec, 20 2017
10 hottest Hong Kong startups to look out for in 2018dealstreetasia - Nov, 24 2017
Credit Suisse, Li Ka-shing-backed HK fintech WeLab said to plan $500m IPObloomberg - Nov, 23 2017
Credit Suisse-Backed Online Lender to Plan $500 Million IPObloomberg - Nov, 15 2017
Billionaire-Backed WeLab Raises $220 Million in Fresh Fundingchinamoneynetwork - Nov, 12 2017
Alibaba Fund, IFC Join $220M Round In HK Mobile Lending Firm WeLabfinextra - Nov, 12 2017
Mobile lender WeLab scoops $220 million in financingscmp - Nov, 11 2017
Hong Kong fintech firm WeLab raises US$220m in funding roundTechCrunch - Nov, 9 2017
Financial tech startup WeLab raises $220M from investors including Alibaba, the IFC and Credit Suissedigitalnewsasia - Nov, 8 2017
WeLab raises US$220mil, wins Alibaba backingcrowdfundinsider - Oct, 13 2017
WeLab Named Winner of Deloitte's Inaugural Technology Fast Hong Kong Programcrowdfundinsider - Sep, 19 2017
Hong Kong Fintech WeLab Announces Upcoming SE Asia Expansiondealstreetasia - Sep, 17 2017
Khazanah-backed HK fintech WeLab looks at SE Asia expansion next yearbbc - Sep, 8 2017
Hong Kong: Incubator for successcbinsights - Sep, 8 2017
Startup Continent: The Most Well-Funded Tech Startups In Asia & The Pacificchinatechnews - Nov, 2 2016
Hong Kong Fintech Is Focus For WeLab's Latest Cash Grabcrowdfundinsider - Oct, 28 2016
Chinese Fintech Company WeLab Secures $25M Credit Facility from ING Bank to Help Fuel Hong Kong Growthcbinsights - Oct, 26 2016
Lending Startups Mull Insurance Movesscmp - Jul, 10 2016
Banks and fintechs grow closer as winning customers toughensbloomberg - Mar, 1 2016
ING, Khazanah Invest in Firm Backed by Billionaire Lift - Mar, 1 2016
Simon Loong: big ambition for small loansforbes - Mar, 1 2016
Hong Kong Fintech Startup Nabs $160M In Funding And Sets New Benchmarkforbes - Mar, 1 2016
Hong Kong-Based Fintech Startup Boosting Banks' ProfitsTechCrunch - Jan, 26 2016
Online Lending Platform WeLab Gets $160M Series B To Expand In Chinapymnts - Jan, 23 2016
WeLab Online Lending Platform Secures $160M To Expandscmp - Jan, 21 2016
WeLab raises 1 bn yuan in push to expand micro lending to China’s rural communitiesfinsmes - Sep, 29 2015
WeLab Closes $14M in Series A Fundingtechinasia - Jan, 8 2015
Hong Kong's WeLend gets $20M funding as it expands to Chinablogs - Jun, 17 2014
Hong Kong’s first peer-to-peer lender just got a boost from Silicon Valley and Li Ka-Shing, Asia’s richest man. - MoneyBeat - WSJTechCrunch - Jun, 17 2014
Hong Kong-Based Financial Startup WeLab Raises $14M Series A From Sequoia And TOM Group | TechCrunchdealbook - Jun, 17 2014
Start-Up WeLab Raises $14 Million From Sequoia Capital and Hong Kong Tycoonfacebook - Feb, 14 2014
Facebookscmp - Feb, 3 2014
South China Morning Postqz - Feb, 3 2014
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