WeLab completes $220 million Series D strategic financing, led by HSBC



Odaily Planet Daily reported that Hong Kong fintech group WeLab announced the completion of a $220 million (approximately HKD 1.7 billion) Series D strategic financing. HSBC led the investment, with participation from Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Management Company (HKIC), TOM Group, and Allianz Group. WeLab is one of Hong Kong's eight digital banks and an early member of the Hong Kong Web3.0 Association. In 2023, it received $260 million in asset financing from Citibank. (Mpaypass)
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