About WeLend
WeLend is a company based in Hong Kong (China) founded in 2013.. WeLend has raised $14 million across 1 funding round from investors including TOM Group and Sequoia Capital. WeLend operates in a competitive market with competitors including Xiaoyudian, Maizijf, PrimeCredit, Mashang Consumer Finance and Hangyin Consumer Finance, among others.
- Headquarter Hong Kong, China
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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
$14 M (USD)
in 1 rounds
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Latest Funding Round
$14 M (USD), Series A
Jun 17, 2014
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Investors
TOM Group
& 1 more
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Employee Count
Employee Count
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Funding Insights of WeLend
WeLend has successfully raised a total of $14M through 1 strategic funding round. The most recent funding activity was a Series A round of $14 million completed in June 2014. 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 A — $14.0M
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First Round
First Round
(17 Jun 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Series A - WeLend | Valuation | TOM Group , Sequoia Capital |
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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 WeLend
WeLend has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include TOM Group and Sequoia Capital. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Limited information is provided about TOM Group's activities.
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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 WeLend
| 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.
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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 |
Financial Statements - WeLend
| 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 |
Welend Comparisons
Competitors of WeLend
WeLend 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 Xiaoyudian, Maizijf, PrimeCredit, Mashang Consumer Finance and Hangyin Consumer Finance, 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 |
Consumer loans are facilitated via an online lending platform.
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| domain | founded_year | HQ Location |
Alternative lending products and wealth management are offered by Maizijf.
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| domain | founded_year | HQ Location |
Consumer loans are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Operates an online platform for providing personal loans to consumers.
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| domain | founded_year | HQ Location |
Consumer loans are facilitated via an online platform.
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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 Welend
Frequently Asked Questions about WeLend
When was WeLend founded?
WeLend was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is WeLend located?
WeLend is headquartered in Hong Kong, China.
Is WeLend a funded company?
WeLend is a funded company, having raised a total of $14M across 1 funding round to date. The company's 1st funding round was a Series A of $14M, raised on Jun 17, 2014.
What does WeLend do?
WeLend was founded in 2013 in Hong Kong, China, as an online platform in the fintech sector focused on consumer lending. Personal loans, no-document options, and credit debt reconsolidation services are provided to users. Credit evaluations are performed using artificial intelligence and big data analysis. Loan amounts range from HK5,000 to HK600,000, with terms spanning 3 to 60 months. Operations are centered in the Hong Kong market.
Who are the top competitors of WeLend?
WeLend's top competitors include Maizijf, Hangyin Consumer Finance and Xiaoyudian.
Who are WeLend's investors?
WeLend has 2 investors. Key investors include TOM Group, and Sequoia Capital.