Tech Company Financing Transactions
WeLab Funding Round
WeLab, based in Sheung Wan, secured $220 million from Alibaba Group, Credit Suisse and IFC.
Transaction Overview
Company Name
Announced On
11/10/2017
Transaction Type
Venture Equity
Amount
$220,000,000
Round
Series B
Investors
Proceeds Purpose
The company's new financing will also be used to develop its artificial intelligence and automation capabilities, which WeLab uses to detect fraud, lower its operating costs and improve customer experience.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
3rd Floor OfficePlus @ Sheung Wan 93-103 Wing Lok St.
Sheung Wan, 00000
Hong Kong
Sheung Wan, 00000
Hong Kong
Phone
Website
Email Address
Overview
WeLab's mission is to innovate traditional credit services in order to better serve consumers with a cheaper, faster and more hassle-free way of borrowing money.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Simon Loong
Chief Financial Officer
Karen Ho
Chief Operating Officer
Kelly Wong
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Where The Data Comes From
We do our best to record all VC transactions involving tech companies. VC investment data records reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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