Hong Kong, January 2026: Fintech giant WeLab has announced that it has raised $220 million in its Series D funding round, marking the largest digital banking fundraise in Asia in 2025.
The round includes a combination of debt and equity, backed by prominent global and regional investors including Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Corporation, TOM Group, Allianz X, and HSBC.
This milestone reflects the growing investor confidence in Hong Kong’s fintech ecosystem, which continues to serve as one of Asia’s leading hubs for digital finance and banking innovation.
Fueling Fintech Growth Across Asia
Founded in 2013, WeLab is a Hong Kong-based fintech company that operates a suite of digital banking and lending platforms across Asia, including WeLab Bank in Hong Kong and WeLab Bank Indonesia.
The company said the fresh capital will be used to:
💡 Expand its virtual banking operations in Hong Kong and Indonesia
🤖 Enhance its AI-driven credit scoring technology
🌏 Develop cross-border lending and wealth management products
🔗 Accelerate AI partnerships — including its recently announced collaboration with Google
According to Simon Loong, Founder and Group CEO of WeLab, the new funding represents a critical step in scaling its AI-powered banking ecosystem and strengthening its digital transformation strategy across Southeast Asia.
“Our aim is to empower customers to manage, save, and grow their wealth more effectively,” said Loong. “By integrating AI into every part of our operations, we can offer personalized banking experiences, smarter financial tools, and seamless cross-border financial solutions.”
AI-Powered Banking: The Future of Fintech
As part of its AI strategy, WeLab plans to develop advanced tools such as:
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Smart financial assistants for real-time customer support
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Personalized banking experiences powered by predictive analytics
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Data-driven marketing tools for tailored product recommendations
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Automated credit decisioning to make lending more accurate and efficient
These initiatives align with WeLab’s goal to make digital banking more inclusive, intuitive, and intelligent across Asia’s fast-growing fintech markets.
The partnership with Google will play a key role in accelerating this transformation, focusing on responsible AI adoption, data security, and next-generation digital financial services.
WeLab’s Market Leadership in Hong Kong
WeLab has cemented its position as a leader in Hong Kong’s digital banking sector. Its flagship brand, WeLab Bank, is the largest digital bank in the city by revenue and continues to expand rapidly.
In 2025, WeLab Bank received multiple industry awards, including recognition from Euromoney and FinanceAsia, for excellence in digital innovation, customer experience, and AI-driven financial services.
The company’s success highlights the maturity of Hong Kong’s digital banking landscape and underscores the potential for AI-led growth in Asia’s financial markets.
About WeLab
WeLab is a leading Asia-based fintech company that provides digital banking, online lending, and financial technology solutions to over 60 million users across Hong Kong, Indonesia, mainland China, and other Southeast Asian markets.
Through its subsidiaries — including WeLab Bank, WeLend, and Maucash (Indonesia) — the company combines AI, data analytics, and cutting-edge technology to deliver accessible, personalized, and efficient financial services for consumers and businesses alike.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.