WeLab Completes $220 Million Series D Strategic Financing, Led by HSBC

Odaily News: Hong Kong fintech group WeLab announced the completion of a $220 million (approximately over HK$1.7 billion) Series D strategic financing round, led by HSBC Bank. Other participants include Prudential Hong Kong, Fubon Bank (Hong Kong), the Hong Kong Investment Corporation (HKIC), TOM Group, and Allianz Group. WeLab is one of Hong Kong's eight digital banks and a founding member of the Hong Kong Web3.0 Association. In 2023, it secured $260 million in asset financing from Citibank. (Mpaypass)