WeLab Raises $220M Series D

WeLab, a Hong Kong-based pan-Asian fintech platform, has successfully closed a US$220 million Series D strategic financing round. This investment marks the largest digital banking capital raise in Asia for 2025 and represents the company's most significant funding round since its inception.

Investors

Participants in the round include Prudential Hong Kong Ltd, Fubon Bank (Hong Kong), Hong Kong Investment Corporation (HKIC), TOM Group, Allianz X, and HSBC.

WeLab Use of Funds

WeLab plans to use the capital to fuel its expansion across Southeast Asia and strengthen its market leadership in Hong Kong by diversifying its product ecosystem and accelerating customer acquisition. The funds will also support the development of innovative business lines, enhancements to its AI-driven platform, and potential strategic M&A opportunities. Additionally, the investment will support an AI-first strategic partnership with Google, focusing on advanced AI agents and hyper-personalization for digital banking services.

About WeLab

Founded by Simon Loong, WeLab is a pan-Asian fintech platform that operates digital banks and online financial services in Hong Kong, Mainland China, and Indonesia. With over 70 million users, the company leverages proprietary risk management technology and AI to provide consumer financing and digital banking solutions to retail individuals and technology services to enterprise clients.

Funding Details

Company Website: https://welab.co

Company: WeLab
Raised: $220M
Round: Series D
Funding Date: January 15, 2026
Additional Investors: Prudential Hong Kong Ltd, Fubon Bank (Hong Kong), Hong Kong Investment Corporation (HKIC), TOM Group, Allianz X, HSBC
Software Category: Fintech
Source: https://www.welab.co/en/press/welab-completes-us220-million-series-d-strategic-financing-marking-largest-digital-banking-capital-raise-asia-2025/