WeLab now boasts 2.5 million customers in Hong Kong and the mainland, a loan volume of 9 billion yuan (HK$10.7 billion) and last month announced it had raised US$160 million in its latest funding round.
SCMP . 18-02-2016
The new $160 million financing at a near-unicorn valuation for Hong Kong-based fintech innovation WeLab sets a new benchmark for the city’s bustling startup scene.
We are very excited about WeLab’s cutting-edge risk and fraud control technology, which has the ability to leverage big data, a massive untapped opportunity in the region,” said Ken Yeung, chief executive of TOM Group
Wall Street Journal . 17-06-2014
WeLab Holdings, an Internet finance start-up in Hong Kong, said on Monday that it had raised $14 million from Li Ka-shing, Asia’s richest man, and Sequoia Capital, a stalwart of Silicon Valley.