WeLab Revenue and Competitors

Claim your profile

Sheung Wan, Hong Kong

Location

$896M

Total Funding

Fintech

Industry

Estimated Revenue & Valuation

  • WeLab's estimated annual revenue is currently $29.1M per year.(i)
  • WeLab's estimated revenue per employee is $139,750
  • WeLab's total funding is $896M.
  • WeLab's current valuation is $1B.

Employee Data

  • WeLab has 208 Employees.(i)
  • WeLab grew their employee count by 14% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$11.5M6191%N/AN/A

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 analyses unstructured mobile big data within seconds to make credit decisions for individual borrowers. WeLab operates WeLend in Hong Kong, Wolaidai (???) in Mainland China and a fintech joint venture AWDA in Indonesia. The company also partners with traditional financial institutions which utilise WeLab?s technology to offer FinTech-enabled solutions to their customers. WeLab was named in a KPMG-sponsored report as one of the top 100 FinTech companies in the world ? #7 in China and #23 globally ? and was ranked by Deloitte as the #1 fastest growing tech company by revenue in Hong Kong and #4 in China. WeLab?s investors include Malaysian sovereign wealth fund Khazanah Nasional Berhad, CK Hutchison?s TOM Group, International Finance Corporation (a member of the World Bank Group), Alibaba Entrepreneurs Fund, China Construction Bank (International), Sequoia Capital and ING Bank.

keywords:N/A

$896M

Total Funding

208

Number of Employees

$29.1M

Revenue (est)

14%

Employee Growth %

$1B

Valuation

N/A

Accelerator

WeLab News

2022-04-20 - Hong Kong's WeLab secures licence to offer robo-advisory ...

Hong Kong-based fintech unicorn WeLab has secured licenses from Hong Kong Securities and Futures Commission to launch robo-advisory services...

2022-04-20 - Virtual Banking: Hong Kong's WeLab Bank To Offer Digital Wealth Advisory Solutions - Crowdfund Insider

In view of this, WeLab Bank has leveraged fintech to fill up the gap in wealth management market by designing a personalized intelligent wealth...

2022-04-19 - WeLab Bank is Hong Kong's 1st Virtual Bank to offer Digital Wealth Advisory Solutions

GoWealth Digital Wealth Advisory goes into Soft Launch. HONG KONG, April 25, 2022 /PRNewswire/ -- WeLab Bank (or "the Bank"), the virtual...

2021-03-08 - WeLab Raises $75 Mn In Series C-1 Round Led By Allianz X

March 8, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. Hong-Kong-based fintech company WeLab on Monday announced it has raised $75 million in a Series C-1 funding round led by digital investment unit Allianz X of the Germany-based Allianz Group. Since its ince ...

2021-03-08 - WeLab Completes Initial Close of Series C-1 Funding For US$75M

WeLab, a Hong Kong-based fintech company, completed the initial close of Series C-1 funding for US$75m. The round was led by Allianz X with existing investors also participating (China Construction Bank International, International Finance Corporation, Khazanah Nasional Berhad, TOM Group, and S ...