Overview

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Total Equity Funding
$180M in 3 Rounds from 11 Investors
Most Recent Funding
$25M Debt Financing on September 6, 2016
Headquarters:
Sheung Wan, Hong Kong Island
Description:
WeLab analyzes unstructured mobile big data within seconds to make credit decisions for individual borrowers.
Founders:
, ,
Categories:
Personal Finance, Lending, Finance, FinTech
Website:
http://www.welab.co
Social:

Company Details

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Founded:
January 25, 2013
Contact:
| +85235906396
Employees:
251 - 500 | 5 in Crunchbase

Founded in 2013 in Hong Kong, WeLab is reinventing traditional financial services by creating seamless mobile lending experiences. With its proprietary risk management technology, WeLab effectively analyzes unstructured mobile big data within seconds to make credit decisions for individual borrowers. WeLab operates Wolaidai (我来贷), one of China’s leading mobile lending platforms, and WeLend, Hong Kong’s leading online lending platform. The company also partners with traditional financial institutions which utilize WeLab’s technology to offer fintech-enabled solutions to their customers.

WeLab’s investors include CK Hutchison’s TOM Group, Khazanah Nasional Berhad, ING, Silicon Valley-based venture capital fund Sequoia Capital, TOM Group’s Ule.com and Guangdong Technology Financial Group. According to KPMG and CB Insights, the fundraising was the fourth largest fintech deal in the first quarter of 2016 globally.

Funding Rounds (4) - $205M

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DateAmount / RoundValuationLead InvestorInvestors
Sep, 2016$25M / Debt Financing1
Jan, 2016$160M / Series B4
Jan, 2015$20M / Series A7
2013undisclosed amount / Seed0

Current Team (5)

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Board Members and Advisors (1)

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Products (2)

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  • WeLend is reinventing traditional financial services by creating seamless online lending experiences for Hong Kong.
  • Wolaidai is reinventing traditional financial services by creating seamless mobile lending experiences for China.

Offices/Locations (2)

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  • Headquarters

    Rooms 301-6, 3rd Floor, OfficePlus @ Sheung Wan

    93-103 Wing Lok Street

    Sheung Wan, Hong Kong Island

    Hong Kong

  • China office

    Unit 1005, Block C, Tiley Central Plaza

    Haide 3rd Road, Nanshan District

    Shenzhen, Guangdong

    China

Past Team (2)

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Images (2)

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