WeLab Bank launches in Hong Kong JetClosing Raises $9M in Series B Funding How Payments Fintech Is Using Banking As...
WeLab is one of eight virtual banks that have received banking licenses from the Hong Kong Monetary Authority this year;...
Hong Kong based mobile lender WeLab raised $220mn in a series B financing; investors in the round include Alibaba Hong Kong Entrepreneurs Fund, CreditSuisse, the World Bank’s International Finance Corporation (IFC) and others; they plan to use the funds for improving credit technology and look to expand globally. Source.
WeLab is helping consumers get access to their HK$10,000 handouts before they would receive it directly from the government; the...
WeLab is ready to become one of the first companies to apply for a virtual banking license in Hong Kong;...