About WeBank
WeBank is a company based in Shenzhen (China) founded in 2014.. WeBank has raised $450 million across 1 funding round from investors including Warburg Pincus and Temasek. WeBank operates in a competitive market with competitors including WeLab, Discover, MYbank, Fusion Bank and Airstar Bank, among others.
- Headquarter Shenzhen, China
- Stage Unicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$450 M (USD)
in 1 rounds
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Latest Funding Round
$450 M (USD), Series D
Jan 28, 2016
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Investors
Warburg Pincus
& 1 more
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Employee Count
Employee Count
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Funding Insights of WeBank
WeBank has successfully raised a total of $450M through 1 strategic funding round. The most recent funding activity was a Series D round of $450 million completed in January 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $450.0M
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First Round
First Round
(28 Jan 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series D - WeBank | Valuation | Warburg Pincus , Temasek |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WeBank
WeBank has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Warburg Pincus and Temasek. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WeBank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - WeBank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Webank Comparisons
Competitors of WeBank
WeBank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WeLab, Discover, MYbank, Fusion Bank and Airstar Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial products are offered through an online platform.
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| domain | founded_year | HQ Location |
Discover is recognized for providing credit cards and banking services.
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| domain | founded_year | HQ Location |
Online Bank in China
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| domain | founded_year | HQ Location |
Serves as a digital bank providing services for individual customers.
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| domain | founded_year | HQ Location |
Operates as a commercial bank, offering deposits, loans, and payment services to customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Webank
Frequently Asked Questions about WeBank
When was WeBank founded?
WeBank was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is WeBank located?
WeBank is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Who is the current CEO of WeBank?
David Ku is the current CEO of WeBank.
Is WeBank a funded company?
WeBank is a funded company, having raised a total of $450M across 1 funding round to date. The company's 1st funding round was a Series D of $450M, raised on Jan 28, 2016.
What does WeBank do?
WeBank was established in 2014 in Shenzhen, China, as a digital banking provider in the fintech sector. A platform is operated to deliver services including savings and current accounts, money transfers, cash withdrawals, consumer and business loans, and expense management tools. Operations focus on enabling accessible financial solutions for personal and corporate users within the region.
Who are WeBank's investors?
WeBank has 2 investors. Key investors include Warburg Pincus, and Temasek.
What is WeBank's valuation?
The valuation of WeBank is $5.5B as of Jan 2016.