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IndustryFinancial Services, Technology, FinTech
Founded25 January 2013; 6 years ago (2013-01-25)
HeadquartersHong Kong
Key people
Simon Loong (Founder & CEO)
ProductsOnline financial products, B2B fintech solutions[buzzword]
WebsiteOfficial website

WeLab is a financial technology (fintech) company headquartered in Hong Kong. WeLab currently operates Wolaidai (我来贷), one of China’s leading mobile lending platforms, WeLend, one of Hong Kong's first virtual banks, and a fintech joint venture AWDA in Indonesia.


In 2013, WeLab launched WeLend – Hong Kong’s first online lending platform. This represented WeLab’s first product launch and would pave the way for future geographical expansion.

In 2014, WeLab expanded into Mainland China with Wolaidai (我来贷), which is now one of China’s largest mobile lending platforms.

In 2018, WeLab expanded into Indonesia through the partnership with PT Astra International Tbk (“Astra”), one of Indonesia’s largest diversified holding companies. The two companies’ joint venture company AWDA provides cutting-edge fintech solutions[buzzword] to both retail and enterprise customers.

In April 2019, WeLab was granted Hong Kong's fourth virtual banking licence. [1]

Series A Fundraising[edit]

In January 2015, WeLab raised US$20 million in its Series A fundraising round. Key investors include CK Hutchison’s TOM Group; Silicon Valley venture capital firm Sequoia Capital; Yuri Milner, founder of DST Global; ICONIQ Capital; and Ule.com, a joint venture between China Post, China's state-owned postal service and TOM Group.

Series B Fundraising[edit]

In January 2016, WeLab raised US$160 million in its Series B fundraising from a stellar consortium of international and domestic Chinese investors led by Khazanah Nasional Berhad. Other investors include ING Bank and state-owned Guangdong Technology Financial Group (GTFG). The financing represents the first ever fundraising by a Chinese financial technology firm from both an international bank and government investors, and also one of the first financings of an international financial institution in a leading Chinese fintech player.

This fundraising round also ranked as the 5th largest fintech fundraising round out of 413 deals across the globe in the first half of 2016.

Strategic Financing[edit]

In November 2017, WeLab raised US$220 million in its new financing from Alibaba Entrepreneurs Fund and global financial institutions China Construction Bank (International), Credit Suisse and International Finance Corporation.


WeLab analyzes unstructured mobile big data to make credit decisions for individual borrowers. To date, the company has recorded zero fraud loss, despite not having met any of its customers face-to-face.[2][3]


WeLab operates WeLend and the WeLab virtual bank in Hong Kong, Wolaidai (我来贷), Taoxinji (淘新机) and Tian Mian (天冕) in Mainland China and Maucash in Indonesia. The company also offers B2B enterprise solutions by partnering with traditional financial institutions, which utilize WeLab’s technology to offer fintech-enabled services to their customers.


  • WeLab has been named #23 globally and #7 in China to KPMG's “2018 Fintech100” and it is also the only Hong Kong fintech company that has been named to the list for three consecutive years [4]
  • WeLab was listed as one of China's top 50 fintech companies by KPMG from 2016-2018 [5]
  • WeLab recognized in 2018“一带一路”金融科技创新案例 [6]
  • WeLab wins The Asian Banker's "The Business Model of the Year" and "The Best Data Analytics Initiative, Application or Programme" awards [7]
  • Simon Loong, Founder and CEO of WeLab, was awarded "InnoStars Award" by Our Hong Kong Foundation [8]
  • Simon Loong, Founder and CEO of WeLab, was awarded "世界傑出華人青年企業家獎" [9]
  • WeLab is the only Hong Kong company and only 1 of 5 in Greater China, to be recognized in a joint report by the World Bank's IFC, Stanford University Graduate School of Business and CreditEase as one of the top 100 fintech companies globally leading the way in solving financial inclusion [10]
  • WeLab wins Hong Kong’s Technology Company of the Year 2016 awards [11]
  • WeLab is one of top 18 featured startups in Asia for Tech in Asia [12]
  • Simon Loong, Founder and CEO of WeLab, is the top ten FinTech influencer in Asia [13]
  • WeLend is a finalist at Enterprising Hong Kong Brand Awards 2016, held by South China Morning Post [14]
  • Wolaidai wins Talking Data 金融应用潜力榜亚军 in year 2016 [15]
  • Wolaidai wins 2015年度互联网金融大奖 [16]
  • Wolaidai wins 移动互联网2015年最具潜力奖 [17]


  1. ^ "WeLab gets Hong Kong's fourth online-only banking licence". Reuters. 10 April 2019. Retrieved 5 May 2019.
  2. ^ Shai Oster beijingscribe David Ramli Davidramli (20 June 2016). "Phone Tracking, Nude Selfies See Chinese Bare All for Credit". Bloomberg. Retrieved 10 September 2016.
  3. ^ Qishin Tariq (20 June 2016). "WeLab mulls insurance sector, maintains China focus". Dealstreetasia.com. Retrieved 10 September 2016.
  4. ^ "WeLab(我来贷)再登2018毕马威全球金融科技100强". 25 October 2018.
  5. ^ "毕马威发布2018中国领先金融科技企业50榜单". 28 December 2018.
  6. ^ "WeLab我来贷印尼业务获认可 荣获"一带一路"创新案例". 25 January 2019.
  7. ^ "The Business Model of the Year". 22 March 2018.
  8. ^ "OHKF Announces "The InnoStars Award" Winners". 21 March 2018.
  9. ^ "世界傑出華人青年企業家獎". 29 August 2018.
  10. ^ "Financial Inclusion in the Digital Age" (PDF). 13 March 2018.
  11. ^ "Tech Company of the Year Awards recognize local success | Computerworld Hong Kong". Cw.com.hk. 30 June 2015. Retrieved 10 September 2016.
  12. ^ "Connecting Asia's startup ecosystem". Tech in Asia. Retrieved 10 September 2016.
  13. ^ "Here Are the Top 38 Fintech Influencers in Asia You Should Know About – FinTech Asia". Fintechasia.net. 25 July 2016. Retrieved 10 September 2016.
  14. ^ "English — Enterprising Hong Kong Brand Awards". Ehkba.squarespace.com. Retrieved 10 September 2016.
  15. ^ "我来贷荣登Talking Data金融应用潜力榜亚军_科技_新民网". Retrieved 10 September 2016.
  16. ^ "颠覆者我来贷斩获"2015年度互联网金融大奖"_海南频道_凤凰网". Hainan.ifeng.com. Retrieved 10 September 2016.
  17. ^ 编辑:潘沈思 (9 March 2016). "我来贷荣获"移动互联网2015年最具潜力奖"_财富资讯_南方网". Finance.southcn.com. Retrieved 10 September 2016.