Welab uses a mobile lending platform to innovate the traditional financial services. They effectively analyze mobile big data to help borrowers choose the plan they would like to adopt. They operate two mobile financing platforms, one called WeLend which provides mobile services in Hong Kong and the other is Wolaidai(我來貸) Which provides similar services in mainland China.

Company NameWeLab
Brand NameWeLab
Year of Establishment2013
Founder(s)Simon Loong
Aananth Solaiyappan
Frances Kang
Kelly Wong
No. of Employees201-500
Regional CoverageHong Kong
Indonesia(in the future)
StageSeries B
Investor(s)International Finance Corporation
Khazanah Nasional
ING Bank
Sequoia Capital
Credit Suisse
ICONIQ Capital
CCB International
Nan Fung Group (New Frontier)
Tom Group Limited
China Construction Bank
Guangdong Technology Financial Group Co. Ltd
Palm Drive Capital
Shou Zi Chew
Access Industries
Raising FundYes
Pre-money valuation/
Post-money ValuationOver 1B USD (2017)
Fundraising target/
Fundraising History220M USD (Nov 2017)
25M USD (Sep 2016)
160M USD (Jan 2016)
20M USD (Jan 2015)
Media Explosurehket
South China Morning Post
Apple Daily
Company Email[email protected]

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