Details

Full Description

WeLab is a leading fintech company in Asia with one of the first virtual banks established in Hong Kong. WeLab provides financial services by creating seamless digital experiences to over 42 million users across Hong Kong, Mainland China, and Indonesia. Using its proprietary risk management technology and advanced AI capabilities, WeLab effectively analyzes unstructured mobile big data within seconds to provide innovative financial services and offer consumer financing solutions for individual customers. The company also offers B2B enterprise solutions by partnering with traditional financial institutions, which utilize WeLab?s technology to offer fintech-enabled services to their customers. WeLab operates WeLend (https://www.welend.hk/) and the WeLab Bank (https://welab.bank/) in Hong Kong, WeLab Digital (????), Taoxinji (???) and Tianmian Lab (??) in Mainland China and AWDA, a fintech joint venture with PT Astra International in Indonesia. WeLab?s investors include Malaysian sovereign wealth fund Khazanah Nasional Berhad, CK Hutchison?s TOM Group, International Finance Corporation (a member of the World Bank Group), Alibaba Entrepreneurs Fund, Sequoia Capital and ING Bank.

Main category Data & AI

Finance-Lending

Company Name

WeLab

Bio

WeLab is a leading fintech company in Asia with one of the first virtual banks established in Hong Kong. WeLab provides financial services by creating seamless digital experiences to over 42 million users across Hong Kong, Mainland China, and Indonesia. Using its proprietary risk management technology and advanced AI capabilities, WeLab effectively analyzes unstructured mobile big data within seconds to provide innovative financial services and offer consumer financing solutions for individual customers. The company also offers B2B enterprise solutions by partnering with traditional financial institutions, which utilize WeLab?s technology to offer fintech-enabled services to their customers. WeLab operates WeLend (https://www.welend.hk/) and the WeLab Bank (https://welab.bank/) in Hong Kong, WeLab Digital (????), Taoxinji (???) and Tianmian Lab (??) in Mainland China and AWDA, a fintech joint venture with PT Astra International in Indonesia. WeLab?s investors include Malaysian sovereign wealth fund Khazanah Nasional Berhad, CK Hutchison?s TOM Group, International Finance Corporation (a member of the World Bank Group), Alibaba Entrepreneurs Fund, Sequoia Capital and ING Bank.

Estimated Revenue

$100M to $500M

Founded Date

2013

Headquarters

Sheung Wan, Hong Kong Island, Hong Kong

Total Funding (USD)

$100M +

Website

http://www.welab.co

LinkedIn Profile

https://www.linkedin.com/company/welab-limited/

Facebook Profile

https://www.facebook.com/pg/WeLabFinance/

Functions

Customer Experience, Productivity

Tags

Lending, Personal Finance,

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