WeLab provides consumer financing, digital banking services, and technology solutions underpinned by proprietary risk-management technology, privacy computing techniques, and AI capabilities. The company operates across Hong Kong, Mainland China, and Indonesia, running two licensed digital banks—WeLab Bank in Hong Kong and Bank Saqu in Indonesia—and claims WeLab Bank is the territory’s largest digital bank by revenue. WeLab’s ecosystem reaches over 70 million individual users and more than 700 enterprise clients. With a recently announced AI-first strategic partnership with Google, the firm intends to develop AI agents, drive hyper-personalization, and modernize its marketing to boost engagement and efficiency. Proceeds from its latest financing will fund accelerated expansion in Southeast Asia, broaden its product suite, and support platform upgrades and strategic M&A. Management highlights the company’s scale and operational experience as a foundation for becoming a leading regional digital bank in Asia.

Total raised

$1.1B

Funding rounds

8

Latest round

Series D

Latest activity

Jan 2026