Hong Kong fintech company WeLab has just announced a major funding round. This round raised $220 million, setting a new record for the company's funding history.
The investor lineup is quite impressive—HSBC, Prudential Hong Kong, and Fubon Bank (Hong Kong) all participated, along with Hong Kong investment firms, Allianz X, and TOM Group. Interestingly, this funding round combines both equity and debt financing.
So, how will this money be spent? WeLab plans to use it to expand into Southeast Asia and to pursue related mergers and acquisitions. For a Hong Kong fintech company, Southeast Asia is
View Original