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Hong Kong Fintech WeLab Completes $220M D-Round Led by HSBC

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Hong Kong-based fintech company WeLab has completed a $220 million D-round led by HSBC, with participation from Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Company, Allianz X, and TOM Group. The funding will support WeLab's expansion into Southeast Asia and its merger and acquisition activities. WeLab is a member of the Hong Kong Web3 Association. Its bank subsidiary, WeLab Bank, holds a digital banking license from the Hong Kong Monetary Authority and is a member of the Hong Kong Institute of Bankers. The adoption of Web3 technologies continues to accelerate in the region with initiatives like these.

BlockBeats news: On January 17, according to Bloomberg, Hong Kong fintech company WeLab completed a $220 million Series D funding round, with investors including HSBC Holdings, Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong investment firms, Allianz X, and TOM Group (CK Asset Holdings). The funds will be used to expand into the Southeast Asian market and for potential mergers and acquisitions.


WeLab is a startup/corporate member of the Hong Kong Web3 Association. Its subsidiary, WeLab Bank, was granted a virtual banking license (now known as digital banking) by the Hong Kong Monetary Authority in 2019, and is also a member of the Hong Kong Institute of Bankers (HKIB).

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