Hong Kong fintech group WeLab completes $220 million Series D strategic financing, led by HSBC

DeepFlowTech · 2026-01-17T04:04:43+00:00

Hong Kong fintech company WeLab completes $220 million Series D funding, with the funds to be used for business expansion and supporting artificial intelligence vision. Multiple institutions including HSBC participated in the investment. WeLab is a digital bank and has been granted a banking license by the Hong Kong Monetary Authority.

DeepFlowTech

2026-01-17 04:04:43

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Deep Tide TechFlow News, January 17th, according to Fstech reports, Hong Kong fintech group WeLab 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. The new funds will be used to expand business, while also supporting the previously announced artificial intelligence (AI) vision by offering diversified financial products and accelerating customer growth. WeLab is an early member of the Hong Kong Web3.0 Association. In 2019, it obtained a banking license from the Hong Kong Monetary Authority to operate as a virtual bank (the term has since been updated to digital bank). The bank is also a member of the Hong Kong Institute of Bankers (HKIB) and received a $260 million asset financing from Citibank in 2023.

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