WeLab, a comprehensive pan-Asian fintech platform, secured USD 220 million in its latest Series D funding round, making it one of the largest digital banking capital raises in Asia for 2025.
This significant investment underscores strong faith from investors in WeLab’s future and growth strategies. New investors joined existing supporters like Prudential Hong Kong Ltd, Fubon Bank, Hong Kong Investment Corporation, TOM Group, Allianz X, and HSBC to contribute to this round, which includes both debt and equity components.
WeLab’s Plan for the New Financing
Operating two digital banks alongside a range of financial services in Hong Kong, Mainland China, and Indonesia, WeLab uses advanced technology to assist customers with credit access, savings management, and responsible use of funds. The new investment will propel its expansion efforts in Southeast Asia and consolidate its current market presence.
The capital will also facilitate the introduction of innovative business lines that leverage cutting-edge technology, drive product growth, and support mergers and acquisitions initiatives. Such plans align with WeLab’s ambition to become a leading digital bank, shaping the future of finance in the region.
To further these goals, funds will support WeLab’s AI objectives, including its partnership with Google aimed at revolutionizing digital banking across Asia. The investment aims to enhance capabilities such as artificial intelligence agents, personalized services, and modern marketing strategies, providing more interactive customer experiences and optimized business operations.
WeLab views artificial intelligence (AI) as pivotal for growth, product innovation, and continuous development. By integrating AI technologies, the company plans to establish new benchmarks in digital banking, including its operations in Hong Kong and Indonesia’s Bank Saqu.
This strategic layout, fueled by rapid customer expansion and market knowledge, provides WeLab with the momentum needed to seize new opportunities, accelerate growth, and navigate today’s dynamic financial landscape.
