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#welab WeLab Secures $220 Million in Series D Funding to Expand Southeast Asia Operations
According to Foresight News, Hong Kong fintech firm WeLab has successfully raised $220 million in a Series D funding round. The investment was led by HSBC, Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Company, Allianz X, and TOM Group. The funds are earmarked for expanding WeLab's presence in the Southeast Asian market and pursuing mergers and acquisitions.
WeLab is a member of the Hong Kong Web3 Association, representing startups and enterprises. Its subsidiary, WeLab Bank, received a virtual banking license from the Hong Kong Monetary Authority in 2019, now referred to as a digital banking license. Additionally, WeLab is affiliated with the Hong Kong Institute of Bankers (HKIB).
#MarketRebound
According to Foresight News, Hong Kong fintech firm WeLab has successfully raised $220 million in a Series D funding round. The investment was led by HSBC, Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Company, Allianz X, and TOM Group. The funds are earmarked for expanding WeLab's presence in the Southeast Asian market and pursuing mergers and acquisitions.
WeLab is a member of the Hong Kong Web3 Association, representing startups and enterprises. Its subsidiary, WeLab Bank, received a virtual banking license from the Hong Kong Monetary Authority in 2019, now referred to as a digital banking license. Additionally, WeLab is affiliated with the Hong Kong Institute of Bankers (HKIB).
#MarketRebound
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