Founded
31 Dec 2013
Address
WeLab Ltd
Hong Kong SAR China
Phone
Website
Industry
VCID: 575531
Profile
Corporate information
Official name
WeLab Limited
Registration country
Official name
WeLab Limited
Registration country
Investment activity status
Active investor
Company type
Instant mobile lending for individuals.Funding
Funding rounds
Series C HKD 1,200,000,000
USD 156,000,000 (19 Dec 2019) Change in valuation: unknown
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Alibaba Hong Kong Entrepreneurs Fund | Alibaba investment fund focused on startup companies with a Hong Kong nexus. | Hong Kong SAR China | Follow-on investment. Led the round. |
|
China Construction Bank Corp | China | Follow-on investment. Round participant. |
Series B USD 220,000,000
USD 220,000,000 (8 Nov 2017)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
Alibaba Hong Kong Entrepreneurs Fund | Alibaba investment fund focused on startup companies with a Hong Kong nexus. | Hong Kong SAR China | Led the round. |
|
International Finance Corporation | The private sector investment arm of the World Bank. | United States | Led the round. |
|
Credit Suisse AG | Switzerland | Round participant. |
Debt USD 25,000,000
USD 25,000,000 (6 Sep 2016)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
ING Bank NV | Follow-on investment. Led the round. |
Series B USD 160,000,000
USD 160,000,000 (20 Jan 2016)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Khazanah Nasional Berhad | The strategic investment fund of the Government of Malaysia. | Malaysia | Led the round. |
|
Guangdong Technology Financial Group | Round participant. | ||
|
ING Ventures | Fintech venture fund managed by ING. | Round participant. | |
|
Lakestar Advisors GmbH | European venture capital firm that invests from Seed to Growth in visionary tech entrepreneurs worldwide. | Switzerland | Round participant. |
Series A USD 20,000,000
USD 20,000,000 (8 Jan 2015)
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Access Industries | |||
|
ICONiQ Capital LLC | Global multi-family office. | ||
|
Palm Drive Capital | |||
|
Sequoia Capital China | China | ||
|
Shou Zi Chew | |||
|
TOM Group Ltd | Hong Kong SAR China | ||
|
Ule.com | China | ||
|
Yuri Milner |
Cap Table
Current and past shareholders
| Investor | Contacts | Round | |
|---|---|---|---|
|
|
Access Industries |
Series A | |
|
|
Alibaba Hong Kong Entrepreneurs Fund Alibaba investment fund focused on startup companies with a Hong Kong nexus. |
Series B Series C |
|
|
|
China Construction Bank Corp |
Series C | |
|
|
Credit Suisse AG |
212-538-5591 |
Series B |
|
|
Guangdong Technology Financial Group |
Series B | |
|
|
ICONiQ Capital LLC Global multi-family office. |
+1 (415) 967-7763 |
Series A |
|
|
ING Bank NV |
Debt | |
|
|
ING Ventures Fintech venture fund managed by ING. |
N/A Series B |
|
|
|
International Finance Corporation The private sector investment arm of the World Bank. |
Series B | |
|
|
Khazanah Nasional Berhad The strategic investment fund of the Government of Malaysia. |
Series B | |
|
|
Lakestar Advisors GmbH European venture capital firm that invests from Seed to Growth in visionary tech entrepreneurs worldwide. |
+41 (55) 420-1446 |
Series B |
|
|
Palm Drive Capital |
Series A | |
|
|
Sequoia Capital China |
Series A | |
|
|
Shou Zi Chew |
Series A | |
|
|
TOM Group Ltd |
Series A | |
|
|
Ule.com |
Series A |