Hong Kong’s WeLab considers new funding round
According to Bloomberg, the fintech firm is valued at around $2 billion.
According to Bloomberg, the fintech firm is valued at around $2 billion.
Our top pick of news from the world of finance and tech in bitesize video format, every week.
WeLab has raised $240m to fund the acquisition – “the largest fintech funding in Indonesia in 2021”.
The challenger is offering users a numberless debit card.
Backers included Alibaba’s Hong Kong Entrepreneurs Fund and China Construction Bank.
European banks are investing in wealthtech, lendtech, paytech, regtech and blockchain.