CoinVoice has learned that Hong Kong fintech group WeLab has announced the completion of a $220 million (approximately HKD 1.7 billion) Series D strategic financing round, led by HSBC, with participation from Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Management Company (HKIC), TOM Group, and Allianz Group. WeLab is one of Hong Kong's eight digital banks and a founding member of the Hong Kong Web3 Association. In 2023, it received $260 million in asset financing from Citibank.
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CoinVoice has learned that Hong Kong fintech group WeLab has announced the completion of a $220 million (approximately HKD 1.7 billion) Series D strategic financing round, led by HSBC, with participation from Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Management Company (HKIC), TOM Group, and Allianz Group. WeLab is one of Hong Kong's eight digital banks and a founding member of the Hong Kong Web3 Association. In 2023, it received $260 million in asset financing from Citibank.