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
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$1.75 B (USD)
in 12 rounds
-
Latest Funding Round
$220 M (USD), Series D
Jan 15, 2026
-
Investors
Citi
& 18 more
-
Employee Count
Not available
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
People of WeLab
Unlock access to complete
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
IFC is focused on private sector development in emerging markets.
|
Locked | Locked | Locked | |
|
Sequoia Capital is engaged in venture capital investments.
|
Locked | Locked | Locked | |
|
Capital and guidance are provided to startups for growth.
|
Locked | Locked | Locked |
Investor details for WeLab
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by WeLab
WeLab has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PT Bank Jasa Jakarta.
Investment portfolio details for WeLab
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Commercial banking services are offered throughout Indonesia.
|
Locked | Locked | 1989 | Locked |
Complete acquisition details for WeLab
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - WeLab
Detailed financials for WeLab
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Welab Comparisons
Peer comparison for WeLab
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Developer of a P2P lending platform
|
|
| Locked | Locked | Locked |
Discover is recognized for providing credit cards and banking services.
|
|
| Locked | Locked | Locked |
Consumer and business loans are facilitated via an online platform.
|
|
| Locked | Locked | Locked |
A consumer lending platform for financial applications is provided.
|
|
| Locked | Locked | Locked |
Financial services in wealth management and microcredit loans are offered.
|
Detailed competitors of WeLab
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Welab
Complete news archive for WeLab
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about WeLab
WeLab was founded in 2013 and raised its 1st funding round 2 years after it was founded.
WeLab is headquartered in Hong Kong, China.
Simon Loong is the current CEO of WeLab. They have also founded this company.
WeLab is a funded company, having raised a total of $1.75B across 12 funding rounds to date.
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.
WeLab's top competitors include Kredivo Holdings, Discover and Lufax.
WeLab has made 1 acquisition, including PT Bank Jasa Jakarta.
WeLab has 19 investors. Key investors include Citi, Allianz, International Finance Corporation, Credit Suisse, and China Construction Bank.
The valuation of WeLab is $1B as of Nov 2017.