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.
ING Bank, Malaysia’s Khazanah Nasional Bhd. and Chinese state fund Guangdong Technology Financial Group participated in WeLab’s latest round of financing, which raised $160 million
Bloomberg . 20-01-2016
The target market is small to midsized borrowers, who have traditionally had few sources from which to obtain funds conveniently and affordably in Hong Kong
Financial Times . 14-04-2015
Welab卻反其道而行,透過大幅縮減還款期,既方便應急的借貸人,亦可減省他們的利息支出。
香港商報 . 03-12-2014
WeLab leverages big data and web technology to shorten the time it takes to get a loan to only 24 hours for qualified customers.
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.