WeLab Secures Landmark US$220M Series D, Accelerates AI-Driven Digital Banking Across Asia

WeLab Closes Record US$220 Million Series D for Regional Expansion

WeLab has successfully completed a US$220 million Series D strategic financing round, representing the largest digital banking capital raise in Asia for the 2025 period. This landmark funding includes a mix of debt and equity from a diverse group of investors, including the Hong Kong Investment Corporation (HKIC), Prudential Hong Kong, and Fubon Bank. This capital injection underscores the growing investor confidence in the platform's scalable growth and vision for the future of financial services.

The investment is set to fuel the company's aggressive expansion into Southeast Asia while reinforcing its dominant position in Hong Kong. Funds will be utilized to enhance the existing product ecosystem and accelerate customer acquisition across its digital banks. Additionally, WeLab plans to leverage this capital to explore strategic merger and acquisition opportunities to further its regional influence.

A central pillar of the new funding is the advancement of WeLab’s AI-first strategic partnership with Google. This initiative involves integrating Google Cloud’s Gemini models and Vertex AI to build sophisticated AI agents for hyper-personalized banking. The company expects these technological enhancements to drive a 42.4 percent efficiency gain over the next five years while improving the overall customer journey.

WeLab currently serves over 70 million individual users and 700 enterprise customers through its operations in Hong Kong, Mainland China, and Indonesia. In Indonesia, its digital bank PT Bank Saqu has already reached more than 2.5 million users by focusing on the specific needs of the solopreneur economy. This success demonstrates the platform's ability to adapt its technology to diverse market requirements.

Founder and Group CEO Simon Loong noted that WeLab has built significant operational depth across its markets. He emphasized that the company is now at an ideal scale to capture new opportunities and lead the next era of Asian digital banking. This round positions the firm to reach its ambitious target of serving 500 million users across the Asia-Pacific region by 2032.

The company's achievements have been recognized with multiple industry accolades throughout 2025, including several "Best Digital Bank" awards. With this new capital, WeLab is poised to set higher standards for financial inclusion and innovation. More information regarding the company's roadmap and historical milestones can be found on the official WeLab website.

WeLab Secures Landmark US$220M Series D, Accelerates AI-Driven Digital Banking Across Asia

WeLab Closes Record US$220 Million Series D for Regional Expansion

WeLab has successfully completed a US$220 million Series D strategic financing round, representing the largest digital banking capital raise in Asia for the 2025 period. This landmark funding includes a mix of debt and equity from a diverse group of investors, including the Hong Kong Investment Corporation (HKIC), Prudential Hong Kong, and Fubon Bank. This capital injection underscores the growing investor confidence in the platform's scalable growth and vision for the future of financial services.

The investment is set to fuel the company's aggressive expansion into Southeast Asia while reinforcing its dominant position in Hong Kong. Funds will be utilized to enhance the existing product ecosystem and accelerate customer acquisition across its digital banks. Additionally, WeLab plans to leverage this capital to explore strategic merger and acquisition opportunities to further its regional influence.

A central pillar of the new funding is the advancement of WeLab’s AI-first strategic partnership with Google. This initiative involves integrating Google Cloud’s Gemini models and Vertex AI to build sophisticated AI agents for hyper-personalized banking. The company expects these technological enhancements to drive a 42.4 percent efficiency gain over the next five years while improving the overall customer journey.

WeLab currently serves over 70 million individual users and 700 enterprise customers through its operations in Hong Kong, Mainland China, and Indonesia. In Indonesia, its digital bank PT Bank Saqu has already reached more than 2.5 million users by focusing on the specific needs of the solopreneur economy. This success demonstrates the platform's ability to adapt its technology to diverse market requirements.

Founder and Group CEO Simon Loong noted that WeLab has built significant operational depth across its markets. He emphasized that the company is now at an ideal scale to capture new opportunities and lead the next era of Asian digital banking. This round positions the firm to reach its ambitious target of serving 500 million users across the Asia-Pacific region by 2032.

The company's achievements have been recognized with multiple industry accolades throughout 2025, including several "Best Digital Bank" awards. With this new capital, WeLab is poised to set higher standards for financial inclusion and innovation. More information regarding the company's roadmap and historical milestones can be found on the official WeLab website.