WeLab Secures $220 Million in Largest Funding Round to Date

2026-01-17 12:10

Hong Kong fintech company WeLab has successfully raised $220 million in its largest funding round to date. The round included both equity and debt financing, with participation from major investors such as HSBC, Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Company, Allianz X, and TOM Group. WeLab plans to use the funds to expand into the Southeast Asian market and pursue mergers and acquisitions. WeLab, a member of the Hong Kong Web3.0 Association, operates WeLab Bank, which received a virtual banking license from the Hong Kong Monetary Authority in 2019. The company is also a member of the Hong Kong Institute of Bankers.

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