Tech Company Financing Transactions

WeLab Funding Round

Khazanah Nasional Berhad, Guangdong Technology Financial Group and ING Corporate Investments participated in a $160 million Series B funding round for WeLab. The round was announced on 1/22/2016.

Transaction Overview

Company Name
Announced On
1/22/2016
Transaction Type
Venture Equity
Amount
$160,000,000
Round
Series B
Proceeds Purpose
A significant portion of the new funds raised will continue to be invested in credit technology research and development, to enable us to set the standard for the mobile lending market and to fulfill young peoples' appetite of mobile banking.

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
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
WeLab LinkedIn Company Profile
Social Media
WeLab Company Twitter Account
Company News
WeLab News
Facebook
WeLab on Facebook
YouTube
WeLab on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Simon Loong
  Simon Loong LinkedIn Profile  Simon Loong Twitter Account  Simon Loong News  Simon Loong on Facebook
Chief Financial Officer
Karen Ho
  Karen Ho LinkedIn Profile  Karen Ho Twitter Account  Karen Ho News  Karen Ho on Facebook
Chief Operating Officer
Kelly Wong
  Kelly Wong LinkedIn Profile  Kelly Wong Twitter Account  Kelly Wong News  Kelly Wong on Facebook


 

 

Browse more venture capital transactions:

Prev: 1/22/2016: Theraworx venture capital transaction
Next: 1/22/2016: Wearable World venture capital transaction

 

Share this article

 


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.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary