Tag: WeLab

Hong Kong-based FinTech unicorn WeLab raised $75m in new Series C1 funding round led by Allianz.

New digital bank WeLab has celebrated opening 10,000 accounts within its first ten days of its launch, demonstrating how challenger banks are taking off in Asia.

WeLab is proving that despite negative press and tough new regulations in the region, investors still see big potential in the space landing a $25m credit facility note from Dutch bank ING.