WeLab
lending . p2p lending . online loans
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About
WeLab is an internet finance company that offers credit risk management tools by leveraging big data analytics and the latest internet technologies. It has developed a proprietary risk management technology that analyzes unstructured mobile data to create credit scores for applicants. It also works with traditional financial institutions and assists them to develop and offer FinTech-enabled solutions to their customers.
Focus
PRODUCTS & SERVICES
WeLab offers an online lending platform that enables borrowers to apply for unsecured personal loans. The loans are disbursed through two platforms: 1. WeLend: An online lending platform that offers unsecured personal loans ranging from USD $400-$75,000. 2. Wolaidai: A mobile lending platform that offers unsecured personal loans to both students and salaried workers.
REVENUE MODEL
Company generates revenue by charging an interest rate on the loan amount.
MAIN CLIENTS
Financial institutions
Traction
VALUATION / MARKET CAP:
$133.33 M in 2015
People
FOUNDERS
Frances Kang
Kelly Wong
Aananth Solaiyappan
Simon Loong
BOARD MEMBERS AND ADVISORS
Simon Loong
Frances Kang
NUMBER OF EMPLOYEES
201-500
INVESTORS:
Guangdong Technology Financial Group
KEY EMPLOYEES:
Simon Loong (CEO)
Paul Ip (CRO)
Karen Ho (CFO)
Momentum
FUNDED
YES
DATE OF LAST FUNDING
Jul 2018
TOTAL FUNDING COMMENT
The company will use the funds to strengthen its operation. (July 2018)
DEBT FUNDING
$25 M
LISTED
NO
COMMENT
WeLab has files for a Hong Kong IPO in July 2018.
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About
WeLab is an internet finance company that offers credit risk management tools by leveraging big data analytics and the latest internet technologies. It has developed a proprietary risk management technology that analyzes unstructured mobile data to create credit scores for applicants. It also works with traditional financial institutions and assists them to develop and offer FinTech-enabled solutions to their customers.
WeLab
About
Momentum
FUNDED
NO
LISTED
NO
Other