WeLab, a leading pan-Asian fintech platform, has announced the successful close of its Series D strategic financing, raising a total of US$220 million. The milestone marks the largest digital banking capital raise in Asia in 2025 and the biggest funding round since WeLab’s founding, underlining strong investor confidence in the company’s long-term vision and scalable growth model.
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The round, which includes a combination of equity and debt financing, attracted a diverse group of new investors while also receiving strong backing from existing shareholders and strategic capital partners. Notable supporters include Prudential Hong Kong Ltd, Fubon Bank (Hong Kong), Hong Kong Investment Corporation (HKIC), TOM Group, Allianz X, and HSBC. Together, their continued participation reflects growing belief in WeLab’s ability to shape the future of digital banking across the region.
This fresh capital will play a central role in accelerating WeLab’s expansion across Southeast Asia while further strengthening its leadership position in Hong Kong. The company plans to deepen its product ecosystem, drive faster customer acquisition, and introduce new business lines built on advanced technologies. At the same time, the funding provides flexibility to pursue strategic mergers and acquisitions, reinforcing WeLab’s ambition to become Asia’s leading regional digital bank.
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A significant portion of the investment will also support WeLab’s recently unveiled AI vision, including its AI-first strategic partnership with Google. Through this collaboration, WeLab aims to redefine digital banking innovation in Asia by developing advanced AI agents, enabling hyper-personalized customer experiences, and modernizing marketing capabilities to deliver stronger engagement and more efficient outcomes.
Building on its strong foundation in Hong Kong, WeLab Bank continues to demonstrate industry leadership. It is currently the largest digital bank in the city by revenue and has been recognized among the World’s Top 20 Digital Banks by Euromoney. Throughout 2025, the bank has earned multiple accolades, including “Best Digital Bank for Consumers – Hong Kong” at the Euromoney Awards for Excellence and “Best Digital Bank – Hong Kong” along with “Best Bank for Financial Inclusion – Hong Kong” at the FinanceAsia Awards.
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Looking ahead, AI-driven delivery will remain a key engine for scale, innovation, and product expansion across WeLab’s footprint, including Hong Kong and Indonesia’s Bank Saqu. By embedding cutting-edge AI solutions into its platforms, WeLab aims to set new benchmarks for digital banking across Asia.
Commenting on the milestone, Simon Loong, Founder and Group CEO of WeLab, said that operating across three markets with two digital banks has given the company both scale and deep operational experience. He emphasized that WeLab’s rapid customer growth and proven market leadership place it in a strong position to capture new opportunities, accelerate expansion, and innovate at speed. According to Loong, the company believes it is entering the next chapter of digital banking in Asia at the right time, with the right scale, and the right capabilities to lead.
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