According to Foresight News , citing Bloomberg, Hong Kong-based fintech company WeLab has completed a $220 million Series D funding round, with participation from HSBC, Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Corporation, Allianz X, and TOM Group (a subsidiary of CK Hutchison Holdings). The funds raised will be used for expansion in Southeast Asia and mergers and acquisitions. WeLab is a founding/corporate member of the Hong Kong Web3 Association, and its subsidiary, WeLab Bank, received a virtual banking license (now called a digital bank) from the Hong Kong Monetary Authority in 2019. WeLab is also a member of the Hong Kong Institute of Bankers (HKIB).
Hong Kong-based fintech company WeLab has completed a $220 million Series D funding round, led by HSBC.
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
