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WeLab: Completes Initial Close of Series C-1 Funding For US$75M
FinTechFunding
Less than 1 min.Read

WeLab: Completes Initial Close of Series C-1 Funding For US$75M

Steve Sam
By Steve Sam
  • WeLab, a Hong Kong-based fintech company, completed the initial close of Series C-1 funding for US$75m
  • WeLab and Allianz have also established a strategic partnership to drive fintech collaboration across Asia’s financial services landscape
  • The final close is expected in the coming months
  • The company intends to use the funds to accelerate its pan-Asian growth strategy and expansion of digital financial services
  • WeLab is a fintech company that operates a licensed digital bank in Asia – WeLab Bank, as well as multiple online financial services with close to 50 million individual users
  • Powered by proprietary risk management technology, patented privacy computing techniques, and advanced AI capabilities

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