About WeLab
WeLab is a company based in Hong Kong (China) founded in 2013 by Simon Loong.. WeLab has raised $1.75 billion across 12 funding rounds from investors including Citi, Allianz and International Finance Corporation. WeLab has completed 1 acquisition, including PT Bank Jasa Jakarta. WeLab operates in a competitive market with competitors including KoinWorks, Discover, JD Finance, Kredivo Holdings and CreditEase, among others.
- Headquarter Hong Kong, China
- Founders Simon Loong
- Stage Unicorn
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Sectors
Financial Services
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Email
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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
$1.75 B (USD)
in 12 rounds
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Latest Funding Round
$220 M (USD), Series D
Jan 15, 2026
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Investors
Citi
& 18 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of WeLab
WeLab has successfully raised a total of $1.75B across 12 strategic funding rounds. The most recent funding activity was a Series D round of $220 million completed in January 2026. 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 12
- Last Round Series D — $220.0M
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First Round
First Round
(06 Jan 2015)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Debt – Conventional - WeLab | Valuation |
investors |
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| Jan, 2026 | Amount | Series D - WeLab | Valuation |
investors |
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| Apr, 2025 | Amount | Series D - WeLab | Valuation |
investors |
| 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 WeLab
WeLab has secured backing from 19 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Citi, Allianz and International Finance Corporation. 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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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Capital and guidance are provided to startups for growth.
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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 WeLab
WeLab has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PT Bank Jasa Jakarta. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial banking services are offered throughout Indonesia.
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1989 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - WeLab
| 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 |
Welab Comparisons
Competitors of WeLab
WeLab 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 KoinWorks, Discover, JD Finance, Kredivo Holdings and CreditEase, 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 |
Developer of a P2P lending 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 |
Consumer and business loans are facilitated via an online platform.
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| domain | founded_year | HQ Location |
A consumer lending platform for financial applications is provided.
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| domain | founded_year | HQ Location |
Financial services in wealth management and microcredit loans are offered.
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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 Welab
Frequently Asked Questions about WeLab
When was WeLab founded?
WeLab was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is WeLab located?
WeLab is headquartered in Hong Kong, China.
Who is the current CEO of WeLab?
Simon Loong is the current CEO of WeLab. They have also founded this company.
Is WeLab a funded company?
WeLab is a funded company, having raised a total of $1.75B across 12 funding rounds to date.
What does WeLab do?
WeLab provides an online platform for financial products. It uses machine learning, big data technologies, and unstructured data to deliver a risk management solution and customer experience. It offers loans such as personal loans, home loans, microloans, and more. It offers product such as WeLend for digital lending, WeLab Bank for digital banking, and more.
Who are the top competitors of WeLab?
WeLab's top competitors include Kredivo Holdings, Discover and Lufax.
How many acquisitions has WeLab made?
WeLab has made 1 acquisition, including PT Bank Jasa Jakarta.
Who are WeLab's investors?
WeLab has 19 investors. Key investors include Citi, Allianz, International Finance Corporation, Credit Suisse, and China Construction Bank.
What is WeLab's valuation?
The valuation of WeLab is $1B as of Nov 2017.
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