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WeLend is a business line of WeLab. The company provides an online consumer loans platform. The company offers personal loans, no document loans and credit debt reconsolidation loans. The platform utilizes artificial intelligence technology and big data analysis for credit assessment.
PRODUCTS & SERVICES
Mobile-based lending platform.
The company is planning to developed a business model among the Chinese population with a vision to provide affordable credit for 30% of China by 2018. (Dec. 2017)
NUMBER OF FUNDING ROUNDS
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company will use the funds to extend its services beyond the Greater China region. (Nov. 2017)
SERIES A · $20 M · Jan 2015
SERIES B · $380 M · Nov 2017
The company has secured a credit facility of $25 million from ING Bank in Sep. 2016
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