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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.
Company generates revenue by charging an interest rate on the loan amount.
VALUATION / MARKET CAP:
$133.33 M in 2015
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
Simon Loong (CEO)
Paul Ip (CRO)
Karen Ho (CFO)
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company will use the funds to strengthen its operation. (July 2018)
SERIES A · $20 M · Jan 2015
SERIES B · $220 M · Nov 2017
SERIES C · $156 M · Dec 2019
WeLab has files for a Hong Kong IPO in July 2018.
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