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.
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.