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
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 |