Tagged: simon loong

Huge: Mobile Lending Company WeLab Raises $220 Million with Backing from Alibaba

One of the fastest growing Fintech’s in China has raised USD $220 million. WeLab, a Hong Kong-based mobile lending platform founded in 2013, has closed funding round of $220 million including both strategic debt and equity funding with the backing of Alibaba Hong Kong Entrepreneurs Fund,… Read More

Hong Kong Fintech WeLab Announces Upcoming SE Asia Expansion

Hong Kong-based fintech startup WeLab has revealed it is set to launch in Southeast Asia within the next year. According to Dealstreet Asia, the mobile lending platform is currently looking into strategic partnerships in the region and is expected to roll out products by 2018’s first… Read More

Chinese Fintech Company WeLab Secures $25M Credit Facility from ING Bank to Help Fuel Hong Kong Growth

WeLab, a Hong Kong-based fintech company, announced last week it has secured a credit facility of $25 million from ING Bank as part of its expansion and enable the company to meet rapidly growing demand for its loans in Hong Kong. Sharing details about the credit facility, WeLab… Read More

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