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Funding History
$225m
Round Size Investors Date
US$25m ING Group 14 Sep 2016
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Latest Editorial10

WeLab Pockets USD25m For Fintech

WeLab, a Chinese-based fintech company, has pocketed USD25m in funding from ING Bank, as part of its Hong Kong expansion, and also to meet rapidly growing demand for its loans in Hong Kong. 

Read More14 Sep 16
May Deal Book - Snapchat Not Enough To Prevent VC Funding Slump

Venture capital investment in tech firms fell 11% in May compared to April, but was up 27% year-on-year. That there was only a slight fall compared to April is notable as in May there were no rounds anything like as large as the USD4.5bn raised by Ant...

Read More22 Jun 16
Quarterly Deal Book – VC Funding Steady At USD18bn, But Cracks Appearing

There’s a lot of talk among investors and global tech communities about a slowdown in the levels of VC funding and massive valuation rises seen over the past couple of years. However, the first quarter of 2016 saw funding levels remain flat from the...

Read More12 Apr 16
7 Significant Fintech Investments in 2016

Online lenders in China, a New York robo-advisor and a UK challenger bank. These were the most important fintech deals in a very impressive Q1. Fintech Q1 At A Glance > Fintech companies raised USD2.6bn in Q1 > Average round size was USD24m > Median...

Read More01 Apr 16
January Deal Book - Global Investment Rockets 244% For Strong Start To 2016

After December suggested a marked slowdown in venture capital investment January experienced a surge in funding. Total global investment reached almost USD12bn, the largest total for a single month tracked in recent years. It represents a year-on-year...

Read More16 Feb 16
HK's WeLab Raises USD160m For Online Loans

Hong Kong-based WeLab has raised USD160m for its online loans business. The Series B round was led by Khazanah Nasional Berhad with additional participation from Guandong Technology Financial Group and Sequoia Capital. 

Read More22 Jan 16
WeLab Secures USD20m For Mobile Peer-To-Peer Lending Platform

WeLab has raised USD20m in a round of Series A funding from Access Industries, Seqouia Capital, TOMS, Iconiq Captial and private investors. The Hong Kong-based financial startup provides a mobile peer-to-peer lending platform. The new capital will...

Read More14 Jan 15
WeLab Snaps Up Another USD6m For Peer-To-Peer Lending

WeLab has reportedly raised another USD6m to its round of Series A funding from DST Global founder Yuri Milner, ICONIQ Capital, and Ule, Sequoia Capital and TOM Group. The Hong-Kong based startup is a peer-to-peer lending service that allows anyone to...

Read More08 Jan 15
WeLab Snatches USD14m For Lending Platform

Peer-to-peer lending site, WeLab, has snatched USD14m in Series A funding. The round of investment came from TOM Group and Sequoia Capital, along with individual investors. The new capital will be used to launch a new product in China by the end of the...

Read More18 Jun 14
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