WeLab

About

WeLab is a Hong Kong-based fintech company offering virtual banking and consumer financing solutions.

Sheung Wan,Hong Kong Island,Hong Kong
501 - 1000
http://www.welab.co

Highlights

Details

Last Funding Type: Series B
Last Funding Money Raised: $220M
Industries: Banking,Finance,Financial Services,FinTech,Personal Finance
Founded date: Jan 1, 2013
Number Of Employee: 501 - 1000
Operating Status: Active
Legal Name: WeLab Limited
Also Known As: Wolaidai,WeLend,匯立金融控股有限公司,Huili Financial Holdings

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.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

11

$896M

WeLab has raised a total of $896M in funding over 2 rounds. Their latest funding was raised on Dec 6, 2021 from a Funding Round round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 6, 2021	Funding Round	$240M	—	—	—	Detail
Mar 8, 2021	Series C	$75M	1	Allianz X	—	Detail
Jan 21, 2020	Series Unknown	—	1	—	—	Detail
Dec 12, 2019	Series C	$156M	2	Alibaba Entrepreneurs Fund	—	Detail
Nov 8, 2017	Series B	$220M	3	Alibaba Entrepreneurs Fund International Finance Corporation	—	Detail

Investments

Number of Investments

Number of Lead Investments

1

0

WeLab has made 1 investments. Their most recent investment was on Jul 1, 2022, when Bank Jasa Jakarta raised Rp3.87T.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jul 1, 2022 Bank Jasa Jakarta	Corporate Round	Rp3.87T	Financial Services	—

Investors

Number of Lead Investors

Number of Investors

6

20

WeLab is funded by 20 investors. Allianz X and Alibaba Entrepreneurs Fund are the most recent investors.

Investor Name	Lead Investor	Funding Round
Allianz X	Yes	Series C
Alibaba Entrepreneurs Fund	Yes	Series C
International Finance Corporation	Yes	Series B
ING Group	Yes	Debt Financing
Khazanah Nasional	Yes	Series B
AngelHub	—	Series Unknown
China Construction Bank	—	Series C
Credit Suisse	—	Series B
Guangdong Technology Financial Group	—	Series B
ING Ventures	—	Series B