www.bloomberg.com
Hong Kong fintech firm WeLab Ltd. has raised $220 million in its largest funding round to date. The investment comes from major backers including HSBC Holdings Plc and Prudential Hong Kong Ltd. The capital injection will support the company’s regional growth and digital banking ambitions across Asia. This milestone strengthens WeLab’s position as a leading fintech player in the region, enabling it to expand its portfolio of services including virtual banking, loans, and fintech solutions. The funding validates the company’s business model and signals continued investor confidence in Hong Kong’s fintech ecosystem despite a challenging global economic environment.
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