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WeLab

company

About

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

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
Corporate Round Rp3.87T Financial Services

Employee Profiles

Number of Employee Profiles
6
WeLab has 6 current employee profiles, including Advisor Bart Swanson
Advisor
Executive
Executive
Executive
Employee

Exits

WeLab has had 1 exits. WeLab most notable exits include Bank Jasa Jakarta

Date Company Name Exit Type Industry
Dec 6, 2021 Bank Jasa Jakarta M&A Financial Services Detail

Acquisition

WeLab has acquired 1 organizations. Their most recent acquisition was Bank Jasa Jakarta on Dec 6, 2021. They acquired Bank Jasa Jakarta for 0.

Date Company Name
Industry Acquisition Type Price
Financial Services acquisition Detail