The Venture Codex

Participated · Series D · Jan 2026

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.

Participated · Debt Financing · Jan 2026

Atome operates a digital financial services platform that lets consumers split purchases through buy-now-pay-later plans, access personal loans and use the Atome Card for revolving credit. The company partners with merchants across Southeast Asia to embed its payment options at checkout. In 2024 it generated US$236 million in revenue, a 63 % year-over-year jump, while gross merchandise value rose 50 % to more than US$2 billion. Management says growth accelerated in 2025, projecting annualized net revenue above US$500 million and annualized GMV of US$6 billion, with December GMV up over 70 % year-on-year. Fresh capital will be directed toward scaling operations in Singapore, Malaysia and the Philippines and expanding its BNPL, loan and card products. The platform already enjoys ongoing support from multiple regional and global banking partners.