Techub News reports that Hong Kong fintech company WeLab has completed a $220 million Series D funding round, led by HSBC Holdings, with participation from Prudential Hong Kong, Fubon Bank, Hong Kong Investment Company, Allianz X, TOM Group (CK Hutchison Holdings), and others. The funds will be used to expand into Southeast Asia and for acquisitions.
WeLab is a Hong Kong fintech company. Its subsidiary, WeLab Bank, was granted a virtual banking license (now called digital banking) by the Hong Kong Monetary Authority in 2019, and is a member of the Hong Kong Institute of Bankers (HKIB).
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