Odaily Planet News: Hong Kong fintech group WeLab has announced the completion of a $220 million (over HKD 1.7 billion) strategic D-round financing, led by HSBC, with participation from Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Management Company (HKIC), TOM Group, and Allianz Group. WeLab is one of eight digital banks in Hong Kong and a founding member of the Hong Kong Web3.0 Association. In 2023, it received asset financing of $260 million from Citibank. (Mpaypass)
WeLab Completes $220M Series D Strategic Funding Led by HSBC
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Summary
Wetab has secured $220 million in project funding through its Series D round, led by HSBC and including investors such as Prudential Hong Kong and Allianz Group. The fintech company, a leader in digital asset news and a founding member of the Hong Kong Web3.0 Association, previously obtained $260 million in asset financing from Citibank in 2023.
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