- 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
