WeLab
Founded Year
2013Stage
Loan | AliveTotal Raised
$1.156BLast Raised
$260M | 1 yr agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-61 points in the past 30 days
About WeLab
WeLab specializes in providing online financial services and operates a digital bank. The company offers consumer financing solutions and digital banking services utilizing proprietary risk management technology, privacy computing techniques, and AI capabilities. It primarily serves retail individuals with mobile-based financial products and provides technology solutions to enterprise customers. It was founded in 2013 and is based in Quarry Bay, Hong Kong.
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WeLab's Product Videos
WeLab's Products & Differentiators
GoWealth of WeLab Bank
WeLab Bank recently launched GoWealth becoming Asia’s 1st purely-digital bank to launch a digital wealth advisory solution. GoWealth is a collaboration between WeLab Bank and Allianz Global Investors, one of the world’s leading asset management firms, to deliver goal-based investment experience. WeLab Bank trail-blazes digital wealth management services through GoWealth, backed by its fintech experience and AllianzGI’s investment management expertise. Most of the existing wealth management services focus on high-net-worth customer segments; some relationship managers cease following up and stop tracking investment performance after customers buy investment products. Understanding these pain points, WeLab Bank is determined to digitalize and democratize wealth advisory through GoWealth.
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Research containing WeLab
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned WeLab in 2 CB Insights research briefs, most recently on Oct 5, 2021.
Oct 5, 2021 report
The Fintech 250: The Top Fintech Companies Of 2021Oct 5, 2021 report
The Fintech 250: The top fintech companies of 2021Expert Collections containing WeLab
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
WeLab is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Fintech 100
997 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Digital Lending
2,273 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Fintech
13,396 items
Excludes US-based companies
Digital Banking
763 items
WeLab Patents
WeLab has filed 2 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
1/17/2018 | 6/7/2022 | Cryptography, Block ciphers, Key management, Cryptographic attacks, Cryptographic hash functions | Grant |
Application Date | 1/17/2018 |
|---|---|
Grant Date | 6/7/2022 |
Title | |
Related Topics | Cryptography, Block ciphers, Key management, Cryptographic attacks, Cryptographic hash functions |
Status | Grant |
Latest WeLab News
Sep 6, 2024
🇭🇰 Lendela becomes first global fintech in Wings Capital Ventures portfolio after strategic investment 🇭🇰We're thrilled to share that Lendela has recently become the first global fintech founded outside of Hong Kong to secure a strategic investment from Wings Capital Ventures , marking a major milestone for us in Hong Kong.Known for its keen eye for innovative fintechs and promising startups that have grown into market leaders in Hong Kong (Bowtie, WeLab), Wings’ strategic investment in Lendela underscores the confidence they have in us to reimagine borrowing for Hong Kongers and enable a more transparent, efficient, and safe lending space.Apart from the market potential evident to both companies, Wings Capital Ventures also brings with them a unique take on innovation and growth that very much aligns with our strategic approach and vision, which has focused on long-term, sustainable growth, customer centricity, and profitability.With Wings' support, we'll be expanding our business development efforts and strengthening our network across the region, further cementing Lendela as a pioneering lendtech and market leader in Hong Kong’s hyper competitive digital lending space.We have no doubt that this strategic partnership will accelerate our mission to simplify borrowing in Hong Kong and enable greater access to financing for Hong Kongers, and we’re thrilled to welcome the Wings Capital Ventures team — Jonathan Wu , JY Chan , and everyone else — to the Lendela family. #Lendela #HongKongFintech #FintechHK #startups #PersonalLoans #WingsCapitalVentures #HKventurecapital #borrowing #lending #privateequity #venturecapital #loans
WeLab Frequently Asked Questions (FAQ)
When was WeLab founded?
WeLab was founded in 2013.
Where is WeLab's headquarters?
WeLab's headquarters is located at K11 Atelier King's Road, 728 King's Road, Quarry Bay.
What is WeLab's latest funding round?
WeLab's latest funding round is Loan.
How much did WeLab raise?
WeLab raised a total of $1.156B.
Who are the investors of WeLab?
Investors of WeLab include Citigroup, TOM Group, Allianz X, Alibaba Entrepreneurs Fund, CCB International and 12 more.
Who are WeLab's competitors?
Competitors of WeLab include CircleUp, JUMO, TrueAccord, Lendio, Lufax Holding and 7 more.
What products does WeLab offer?
WeLab's products include GoWealth of WeLab Bank and 4 more.
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Compare WeLab to Competitors
LendKey is a financial services company specializing in loan origination and refinancing within the education and home improvement sectors. The company offers a range of products including private student loans, student loan refinancing, and home improvement loans, all designed to provide consumers with lower interest rates and a simplified loan application process. LendKey primarily serves the financial sector by partnering with banks and credit unions to offer these loan services. It was founded in 2009 and is based in Cincinnati, Ohio.
TrueAccord operates as a full-service digital-first debt collection agency. It offers a recovery and debt collection mobile application platform using machine learning and digital technology to deliver a personalized, self-service experience that drives consumer engagement and industry-leading results. It was formerly known as One True. The company was founded in 2013 and is based in Lenexa, Kansas.
Cgtz is a business-to-customer (B2C) debt investment portal, providing various investments products for the individual and small and medium enterprises (SMEs).
Progressa is a consumer finance company that operates in the financial services industry. The company primarily offers debt consolidation services, helping individuals improve their financial health by paying off outstanding debt and collection items, which often results in improved credit scores. Progressa primarily serves individuals living paycheck to paycheck. It was founded in 2013 and is based in Vancouver, British Columbia.
JD Digits is a digital technology company that provides a range of financial services and products to consumers, startups, SMEs and other businesses in China. Its business lines include supply chain finance, consumer finance, crowdfunding, asset management, payment solutions, insurance, and securities. In particular, the company offers a "one-stop" online investment and financing platform. The company is the financial technology arm of JD.com. It is involved in many fields, including finance, urban computing, agriculture, campus services and digital marketing.
JUMO is a financial technology company offering a platform that facilitates access to financial services such as borrowing and saving, using customers' digital footprints to create financial identities. JUMO primarily serves micro and small to medium enterprises in emerging markets, offering them instant access to finance to support growth and investment. It was founded in 2015 and is based in Cape Town, South Africa.
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