Tagged: welab

September 20, 2024 @ 8:20 pm By Michael Wong  |  

Lighthub Asset, a Thai Fintech firm, and WeLab, a pan-Asian fintech platform, have submitted a joint application for a virtual banking license with the Bank of Thailand (BoT). The result of the application is expected in the first half of 2025, according to a statement… Read More

June 23, 2024 @ 9:26 pm By Omar Faridi  |  

WeLab, a pan-Asian fintech platform, announced strategic actions in Southeast Asia markets and Hong Kong to propel growth, scale and profitability. These initiatives are fortifying a robust foundation to support WeLab’s accelerated growth. WeLab’s overseas expansion strategy is “on the fast track as its Hong… Read More

November 20, 2023 @ 10:28 pm By Omar Faridi  |  

PT Bank Jasa Jakarta (BJJ), owned by Astra Financial and WeLab since 2022, launched Bank Saqu, a digital banking service, as a financial partner for individuals and SMEs in Indonesia with a solopreneur spirit. At the launch ceremony of Bank Saqu, it was “attended by… Read More

June 18, 2023 @ 12:33 pm By Omar Faridi  |  

WeLab Bank, which claims to be the most innovative bank in Hong Kong, announced the expansion of its wealth management services with the launch of their new Featured Fund Platform. WeLab Bank ventured into wealth management business last year, “pioneering a personalized and intelligent investment… Read More

July 12, 2022 @ 11:25 pm By Omar Faridi  |  

Hong Kong-based digital bank WeLab recently revealed that it has introduced its virtual wealth advisory service, GoWealth Digital Wealth Advisory. Clients may kick start their personalized investment plans from as low as HKD 100. In April 2022, WeLab had been granted Type 1 (dealing in… Read More

April 25, 2022 @ 10:32 pm By Omar Faridi  |  

WeLab Bank, the virtual bank dedicated to “curating intelligent banking experience,” has reportedly become the “first” digital bank in Hong Kong licensed “to offer digital wealth advisory services.” Having obtained the Type 1 (Dealing in securities) and Type 4 (Advising on securities) licenses from the… Read More

April 7, 2022 @ 8:48 pm By Omar Faridi  |  

WeLab, a pan-Asian fintech platform, announced the appointment of Bruno Lee as Advisor. Bruno held various management positions “in various large-scale multinational banks and financial institutions, in which he led the development of wealth management and asset management businesses across Asia.” With his extensive experience… Read More

October 6, 2021 @ 11:17 pm By Omar Faridi  |  

WeLab, an established Fintech firm in Asia, has introduced an innovative subscription program for buying Apple products with Apple authorized resellers, Subscribe+ for Apple Products. Clients are able to purchase Apple products via the subscription program using the newly launched WeLab Pay that’s powered by… Read More

August 4, 2021 @ 9:35 pm By Omar Faridi  |  

WeLab Bank, a digital bank that’s licensed by the Hong Kong Monetary Authority (HKMA), is celebrating its first anniversary with solid results. Since it began offering services in July 2020, WeLab Bank claims that it has raised “public expectations” of banking services with the launch… Read More

June 7, 2021 @ 10:39 pm By Omar Faridi  |  

Hong Kong based WeLab Bank, a newly-launched digital bank, reports that its total number of clients has exceeded 100,000 (registered users). As noted in a release shared with CI: “Riding on the strong momentum in customer growth in the first half of 2021, the Bank… Read More

March 8, 2021 @ 10:22 pm By Omar Faridi  |  

WeLab, an established Asian Fintech firm, has finalized its Series C-1 $75 million funding round, which was led by Allianz X. Allianz X is the digital investment division of Germany’s Allianz Group, one of the world’s largest insurance service providers and fund managers. Since launching… Read More

February 13, 2021 @ 2:31 pm By Omar Faridi  |  

Big Four auditing company KPMG recently published its annual selection of China’s top Fintech firms. This year, the China Fintech 50 report was updated to include 100 companies to showcase the financial technology industry’s rapid growth and fast-evolving landscape. The 2020 China Fintech 50 list,… Read More

August 15, 2020 @ 11:46 am By Omar Faridi  |  

WeLab Bank recently confirmed the public launch of its digital banking services. It’s notably the only stand-alone firm to acquire a virtual bank license from the Hong Kong Monetary Authority (HKMA), the city-state’s de facto central bank that’s also responsible for promoting the efficiency, integrity… Read More

December 12, 2019 @ 8:42 am By Samantha Hurst  |  

Chinese fintech WeLab announced on Thursday it secured $156 million through its Series C funding round. According to WeLab, the investment attracted new investors, as well as five existing investors including Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank. Founded in 2013, WeLab claims… Read More

May 9, 2019 @ 8:33 am By Samantha Hurst  |  

The Hong Kong Monetary Authority (HKMA) has issued four more virtual banking licenses. The newly minted digital banks include: Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited, and Ping An OneConnect Company Limited. HKMA said that the four newly licensed virtual… Read More

April 13, 2019 @ 4:00 pm By Xu Gao  |  

China Implements First National Standard for Insurance Sector On April 11th, China has implemented its first national standard for the insurance industry. The national standard incorporates 817 entries of professional terms, serving as a fundamental standard for various terms in the insurance sector, according to… Read More

April 10, 2019 @ 10:40 am By JD Alois  |  

Welab Digital Limited (WDL) has been approved by the Hong Kong Monetary Authority (HKMA) to receive a virtual banking license. This is the 4th license for a virtual bank which is now approved to operate in Hong Kong since a consultation on digital banking took… Read More

July 7, 2018 @ 2:04 pm By Xu Gao  |  

China Launches a 100-billion-yuan technology investment fund: Chinese Version of the Vision Fund? On July 2, China Merchants Group, Beijing Asset Management Corporation SPF Group and London’s Centricus Corporation announced to launch a 100-billion-yuan investment fund – “China New Era Technology Fund.” The fund aims… Read More

November 11, 2017 @ 4:02 pm By Xu Gao  |  

China Financial Stability Committee established in Beijing On November 8th, the China Financial Stability Committee was officially launched. This is a subordinated department under the State Council, of which Vice Premier Ma Kai will serves as the head. To be specific, the committee will be… Read More

November 7, 2017 @ 10:33 pm By JD Alois  |  

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