WeLab
Latest round
- Series D
Last raised
- Jan 2026
Total raised
- $849M
Investors
- 17
About WeLab
Founded in 2013 and based in Tsat Tsz Mui, Hong Kong, WeLab Holdings Limited, trading as WeLab, functions as a fintech group focusing on digital banking and consumer finance. The company was established by Frances Kang, Kelly Wong, and Simon Loong. It has completed a total of 10 deals since its inception and has expanded operations in regions including mainland China, Thailand, and Indonesia, enhancing its digital banking presence. WeLab offers a broad range of financial technology services, including the operation of WeLab Bank, the first licensed virtual bank in Asia, and various consumer finance solutions. Their offerings are designed to streamline consumer lending and provide B2B financial technology solutions. With over 70 million registered users and more than 700 corporate clients, WeLab aims to empower individuals and businesses throughout Hong Kong, mainland China, and Indonesia via advanced financial solutions. WeLab generates revenue from multiple channels, including consumer lending, virtual banking services, and B2B fintech solutions. Its flagship services like WeLend and WeLab Bank facilitate consumer loans and offer banking services directly to users. Revenue is primarily derived from processed loans that accrue interest and from partnerships with financial institutions leveraging WeLab's proprietary risk management and analytics technologies, positioning WeLab as an influential player in the fintech landscape.
Who invested in WeLab
17 investors across 7 rounds
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Funding rounds
Series D
Jan 15, 2026
Amount
$220M
Investors
Series C
Mar 8, 2021
Amount
$75M
Investors
Series C
Dec 12, 2019
Amount
$154M
Investors
Series B
Nov 8, 2017
Amount
$220M
Investors
Series B
Jan 20, 2016
Amount
$160M
Investors
Series A
Jan 8, 2015
Amount
$6M
Investors
Series A
Jun 16, 2014
Amount
$14M
Investors
Questions about WeLab
Who invested in WeLab?
WeLab has 17 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has WeLab raised?
WeLab has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did WeLab last raise money?
WeLab's most recent round on record is a Series D, in Jan 2026.
What does WeLab do?
Founded in 2013 and based in Tsat Tsz Mui, Hong Kong, WeLab Holdings Limited, trading as WeLab, functions as a fintech group focusing on digital banking and consumer finance.
Where is WeLab headquartered?
WeLab is headquartered in Hong Kong SAR - China.
Which VCs invest in companies like WeLab?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and Radical Ventures back financial services companies at WeLab's stage. Their profiles are linked below.
VCs backing financial services startups at Series D
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