About WeLab
WeLab is a Financial Services company based in Hong Kong (China) founded in 2013 by Simon Loong and Kelly Wong. Financial products are offered through an online platform. WeLab has raised $1.75 billion across 12 funding rounds from investors including Citi, HSBC and UBS. The company has 203 employees. WeLab has completed 1 acquisition, including PT Bank Jasa Jakarta. WeLab was last valued at $1 billion in December 2019. Its chief executive, as recorded, is Simon Loong. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include JD Finance, CreditEase and WeBank; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$1.75B (USD)
in 12 rounds
- Latest Funding Round$220M (USD), Series D
Jan 2026
- InvestorsCiti
& 25 more
- Employee Count203
- Investments & Acquisitions
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 $1.75B
- Total Rounds 12
- Last Round Series D — $220M
- First Round $20M
(Jan 2015)
- Investors Count 26
Latest 10 of 12 funding rounds of WeLab with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2026 | Debt – Conventional | – | – | – | |
| Jan 2026 | $220M | Series D | – | – | |
| Apr 2025 | Series D | – | – | ||
| Oct 2023 | $260M | Debt – Conventional | – | – | |
| Oct 2022 | $900M | Series D | – | Allianz, China Construction Bank | |
| Mar 2021 | $75M | Series C | – | Allianz X | |
| Dec 2019 | $156.23M | Series C | – | – | |
| Nov 2017 | $220M | Series B | $1B | Alibaba Entrepreneurs Fund, IFC | |
| Nov 2017 | Debt – Conventional | – | – | – | |
| Sep 2016 | $25M | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2017 | $1B | •••••••• |
Last known valuation $1B (Dec 2019). 26 investors in total: 25 institutional and 1 angel.
Investors in WeLab
WeLab has secured backing from 26 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Citi, HSBC and UBS.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Capital and guidance are provided to startups for growth. | ent-fund.org | Hong Kong, China | ||
Venture Capital firm backed by ING | 1991 | ing.com/About-us/ING-Ventures.htm | Amsterdam, Netherlands | |
| gvcgc.com | ||||
Provider of investment management and real asset services | iconiqcapital.com | San Francisco, United States | ||
Startups are funded via venture capital by Allianz-backed Allianz X. | allianzx.com | Munich, Germany | ||
Provider of private equity and venture capital investment firm | kginvest.net | Scottsdale, United States | ||
Venture capital firm investing in early-stage tech startups | gobi.vc | Kuala Lumpur, Malaysia | ||
Venture capital investment firm | palmdrive.vc | New York, United States |
Investor details for WeLab
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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- Co-investor network
Verified entity values are shown only after access is granted.
People of WeLab
31 people are tracked at WeLab (13 in leadership, 18 in team); the tracked headcount is 203.
| Name | Role | Group |
|---|---|---|
Simon Loong | Co-Founder & CEO | Leadership |
Kelly Wong | Founder | Leadership |
Kent Choi | Group Head of Corporate Development and Investor Relations | Leadership |
Jessica Lam | Chief Strategy Officer | Leadership |
Angel Leung | Executive Assistant to Founder & Group CEO | Leadership |
Maria Jacqueline | CEO Office | Leadership |
Rachel Lam | Group Chief Financial Officer | Leadership |
Vivid Lam | Group Head of Internal Audit | Leadership |
Ernest Leung | COO | Leadership |
Norton Wong | Director, Group Technology | Leadership |
Gary Tam | Group Head of Financial Planning and Analysis | Leadership |
Kevin L. | Senior Vice President Finance | Leadership |
Herbert Lam | Group Head Of Financial Control | Leadership |
Herman Wu | CDO, WeLab China | Team |
Ken Chen | Group General Counsel & Company Secretary | Team |
Chelsa Wong | Group Legal Counsel | Team |
Eunice Chu | Group Legal Counsel | Team |
Yonnie Lam | AML Compliance Manager | Team |
Rixon Lam | Assistant Manager, Group Business Management | Team |
Sandy Si | Group Business Intelligence Senior Manager | Team |
11 more people are available in the full profile.
Complete people profiles for WeLab
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Commercial banking services are offered throughout Indonesia. | bjj.co.id | Jakarta, Indonesia | 1989 | Dec 2021 | $500M |
Complete acquisition details for WeLab
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of WeLab
5 dated milestones of WeLab across 13 years, from founding to its latest funding, stage changes and deals.
- Founded WeLab is founded.
- Funding First funding round of $20.0M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires PT Bank Jasa Jakarta.
- Funding Latest funding round, Series D, of $220.0M.
Competitors of WeLab
WeLab has 3 listed competitors in our database, 3 of them funded. They include JD Finance, CreditEase and WeBank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jr.jd.com | 2013 | Beijing, China | $1.01B | Consumer and business loans are facilitated via an online platform. | ||
| creditease.cn | 2006 | Beijing, China | $11.63M | Financial services in wealth management and microcredit loans are offered. | ||
| webank.com | 2014 | Shenzhen, China | $450M | Digital banking services are offered to individuals and businesses. |
Detailed competitors of WeLab
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of WeLab
The website of WeLab (welab.co) receives about 5K visits a month.
- Monthly visits5K
▲ 1.8% vs previous month
Websites whose visitors overlap most with WeLab. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
blogs.wsj.com | blogs.wsj.com | 100% | – | ||
startupshk.com | startupshk.com | 80% | – | ||
fintechweek.hk | fintechweek.hk | 77% | #1,424,658 | – | |
| welend.hk | 72% | 34.8K | #447,961 | View details |
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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. It is registered at Hong Kong, Hong Kong, China.
Simon Loong is the CEO of WeLab, as recorded in our data. They have also founded this company.
WeLab is a funded company, having raised a total of $1.75B across 12 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $25M, raised on Jan 2015.
WeLab has 203 employees.
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 CreditEase, WeBank and JD Finance.
WeLab has made 1 acquisition, including PT Bank Jasa Jakarta.
WeLab has 26 investors. Key investors include Citi, HSBC, UBS, Allianz, and International Finance Corporation.
The valuation of WeLab is $1B as of Dec 2019.