WeLab
- Company typePrivate
- Founded2013
- HeadquartersSheung Wan, Hong Kong SAR China
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
WeLab firmographics
Firmographics- Name
- WeLab
- Legal name
- WeLab Holdings Limited
- Website
- https://welab.co
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
WeLab industry classification
Industry- Product category
- Digital Banking and Consumer Lending
- NAICS
- Commercial Banking (522110), Credit Intermediation and Related Activities (522), Depository Credit Intermediation (5221)
- SIC
- Personal Credit Institutions (6141), National Commercial Banks (6021), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
- akta.pro secondary industries
- SME Credit Risk, Underwriting & Financial Data (B2B Fintech Data/Decisioning) (FSAGAJAM), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)
Keywords
Where WeLab is headquartered
LocationHeadquarters
- HQ city
- Sheung Wan
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices3 records
Markets served
WeLab business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Digital Banking - Interest Income: WeLab Bank generates interest income from its unsecured retail loan portfolio (approximately HK$6 billion), charging interest on loans extended to retail customers. The bank achieved net interest margin of 10.6%, significantly exceeding market single-digit averages.
- Wealth Management Fees: Revenue from wealth management services where WeLab Bank earns fees on Assets Under Management (AUM). AUM increased by approximately 270% year-on-year in 2025, with total subscription volume rising fivefold.
- Foreign Exchange Services: Revenue from multi-currency deposit and exchange services. WeLab Bank launched a Multi-Currency Debit Card supporting 11 currencies with $0 FX handling fees. USD deposits grew nearly tenfold year-on-year.
- Consumer Lending - WeLend: WeLend operates as Hong Kong's leading and largest pure online consumer lending platform, generating revenue through interest income on loans originated and facilitated. WeLab has facilitated over US$17 billion in loans to date.
- B2B Technology Solutions - Tianmian Tech: WeLab provides credit technology solutions to banks and institutions through Tianmian Tech, serving over 700 enterprise customers. Revenue generated through technology licensing and service fees.
- Digital Banking - Bank Saqu: Bank Saqu in Indonesia generates revenue through digital banking services, including savings, payments, loans, and other financial services targeting underbanked populations and solopreneurs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | WeLab Bank Multi-Currency Debit Card |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
WeLab product offering
Product offeringCore offering
WeLab operates a pan-Asian fintech platform delivering mobile-based consumer lending, digital banking, and wealth management services to retail individuals and SMEs, alongside B2B credit technology solutions for banks and institutions. The platform serves over 70 million individual users and 700+ enterprise customers through two licensed digital banks (WeLab Bank in Hong Kong, Bank Saqu in Indonesia), a pure online lending platform (WeLend), a Mainland China loan facilitation platform (WeLab Digital), and a B2B technology arm (Tianmian Tech).
Product overview
WeLab operates as a leading pan-Asian fintech platform offering a portfolio of digital financial services across Hong Kong, Mainland China, and Indonesia. The platform is structured around two licensed digital banks — WeLab Bank (Hong Kong) and Bank Saqu (Indonesia) — complemented by WeLend (online consumer lending) and WeLab Digital (loan facilitation in mainland China). B2B technology solutions are delivered through Tianmian Tech, which provides credit technology to banks and institutions. The company uses proprietary AI-powered risk management technology and advanced big data analytics to offer mobile-based consumer financing, digital banking services, and wealth management to retail individuals and SMEs. WeLab Bank also offers branded features including Subscribe+ for Apple Products, a Multi-Currency Debit Card, and AI-powered agents for lending, fraud detection, and FX. The company serves over 70 million registered users and 700+ enterprise customers.
Differentiator
Problem solved
Functional benefit
Brands
- WeLend: Hong Kong's leading and largest pure online consumer lending platform.
- WeLab Bank
- Bank Saqu
- WeLab Digital
- Tianmian Tech
Products and services
- WeLab Bank Digital bank in Hong Kong offering mobile-based banking services including savings, payments, loans, multi-currency deposits, and wealth management. The largest digital bank by revenue in Hong Kong, recognized among the World's Top 20 Digital Banks by Euromoney.
- WeLend Hong Kong's leading and largest pure online consumer lending platform, now a wholly-owned subsidiary of WeLab Bank following corporate reorganization in June 2024. Offers AI-powered loan approvals reducing approval time by approximately 20%.
- Bank Saqu WeLab's second digital bank in Asia delivering innovative digital banking services in Indonesia. Offers customizable 'pockets' (Saku) feature for financial management achieving 60% monthly active rate, serving solopreneurs and MSMEs.
- WeLab Digital Mainland China's third largest loan facilitation platform providing a diverse suite of consumer lending products through digital channels.
- Tianmian Tech B2B credit technology solution leveraging proven consumer lending technology to provide credit technology solutions to banks and financial institutions, serving over 700 enterprise customers.
- Subscribe+ for Apple Products Innovative payment method in Hong Kong enabling subscription-based purchases for Apple Products through WeLab Bank, in partnership with Apple Authorized Resellers. A credit product allowing customers to subscribe to Apple hardware via installment plans.
Quantifiable outcome
- Loan approval time reduced by approximately 20% through AI Loan Agent
- +7 more outcomes
Companies that use WeLab
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
WeLab technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability11 records
Feature12 records
WeLab partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- Hong Kong Investment CorporationcoreHKIC announced strategic partnership with WeLab in April 2025 to accelerate AI-driven fintech innovation, proliferate financial innovation, and enhance fintech talent development in Asia.
- GoogleflagshipWeLab and Google established an AI-first strategic partnership to reimagine digital banking innovation across Asia. WeLab leverages Google's advanced AI models (Gemini on Vertex AI), Agent Development Kit, and cloud infrastructure to accelerate AI adoption. The partnership includes AI agents for investment research, hyper-personalization for wealth management, and modernization of marketing. WeLab aims to deliver AI-powered financial services to 500 million users by 2032 through this partnership, with Google Cloud as a preferred cloud partner.
- Lightnet GroupflagshipLightnet Group and WeLab formed a consortium to apply for a virtual banking license in Thailand. The partnership aims to build Thailand's leading AI-powered virtual bank to enhance financial inclusion for underserved retail and MSME segments. Lightnet processes over USD 10 billion annually and has reach to 46 million Thai customers through 150,000+ service channels. The consortium is led by Dr. Chalee Asavathiratham and targets serving Thailand's informal economy.
- Lighthub AssetflagshipLighthub Asset, co-founded by Mr. Chatchaval Jiaravanon and Lightnet Group, partnered with WeLab in a consortium to apply for a virtual banking license in Thailand. With a reach of 46 million Thai customers across agriculture, F&B, and e-commerce sectors, the partnership aims to deliver AI-powered virtual banking services to underserved populations in Thailand.
- Bank Jasa Jakarta (BJJ)coreWeLab acquired Indonesian bank BJJ to launch its digital bank (Bank Saqu) in Indonesia. The deal included raising $240 million from investors. Bank Saqu successfully launched in November 2023 and reached 2 million customers within approximately one year.
Scale indicators12 records
Recent moves9 records
Expansion highlights7 records
WeLab competitors and assessment
Company assessmentDirect peers
- ZA Bank: ZA Bank is Hong Kong's first licensed virtual bank, offering digital savings, lending, FX, and wealth products via a mobile app. It is the most direct head-to-head competitor to WeLab Bank in the same Hong Kong digital banking market.
- Mox Bank: Mox Bank is a Hong Kong virtual bank backed by Standard Chartered in partnership with PCCW, HKT and Trip.com. It competes directly with WeLab Bank across digital accounts, cards, and consumer lending in Hong Kong.
- Livi Bank: Livi Bank is one of Hong Kong's eight licensed virtual banks, backed by Bank of China (Hong Kong), JD.com and others. It overlaps with WeLab Bank on digital deposits, payments, and consumer credit in the same regulatory sandbox.
- WeBank: WeBank is China's first internet-only bank, majority-owned by Tencent, focused on micro, small and consumer lending via mobile. It is the closest mainland China peer to WeLab Digital in scale, business model, and AI-driven risk management.
- Bank Jago: Bank Jago is an Indonesia digital bank with a tech-led, ecosystem-driven model targeting underbanked consumers and SMEs, partnered with Gojek. It is the most direct domestic peer to Bank Saqu in Indonesia's digital banking market.
- Akulaku: Akulaku is a Southeast Asia-focused consumer fintech offering BNPL, virtual credit cards, and digital lending, primarily in Indonesia. It competes with WeLab's consumer lending and embedded credit offerings across overlapping segments.
- Kakao Bank: Kakao Bank is Korea's leading internet-only bank with ~20M+ users, dominant mobile-first deposits, lending, and brokerage. It is a comparable Asian digital bank peer by product breadth, user scale, and tech-led GTM.
Emerging players
- Toss Bank: Toss operates a Korean super-app fintech including Toss Bank (licensed internet bank) covering payments, lending, brokerage and insurance. Comparable to WeLab in its multi-product, mobile-first Asian fintech model, though concentrated in Korea.
- Lightnet: Lightnet is a Thailand-based cross-border payments and fintech infrastructure group, processing over USD 10B annually and partnering with WeLab to apply for a Thai virtual banking license. It is a directly comparable partner/peer in WeLab's Thailand expansion.
Broad incumbents
- DBS Bank (digibank / digiVault): DBS is a Singapore-headquartered regional bank widely recognized as a digital banking incumbent in Asia, with mobile-led consumer and SME offerings across HK, China, Indonesia and SEA. It is a broad competitive incumbent overlapping with WeLab's geographies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
WeLab social profiles
Digital presenceWeLab financial estimates
Financial estimateRevenue estimate
Valuation estimate
WeLab leadership team
Management profileNumber of profiles
Profiles7 records
WeLab subsidiaries and ownership
Company hierarchySubsidiaries5 records
WeLab funding detail
Funding detailFunding overview
Funding rounds13 records
Investors26 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WeLab M&A and investment
M&A and investmentM&A2 records
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WeLab
What does WeLab do?
WeLab operates a pan-Asian fintech platform delivering mobile-based consumer lending, digital banking, and wealth management services to retail individuals and SMEs, alongside B2B credit technology solutions for banks and institutions. The platform serves over 70 million individual users and 700+ enterprise customers through two licensed digital banks (WeLab Bank in Hong Kong, Bank Saqu in Indonesia), a pure online lending platform (WeLend), a Mainland China loan facilitation platform (WeLab Digital), and a B2B technology arm (Tianmian Tech).
Is WeLab a public or private company?
WeLab is a private company. It is classified as venture growth investor backed and is currently operating.
When was WeLab founded?
WeLab was founded in 2013. It employs 501 to 1,000 people.
Where is WeLab based?
WeLab is headquartered in Sheung Wan, Hong Kong SAR China, in the Asia region.
How does WeLab make money?
Six revenue lines are on record. Digital Banking - Interest Income is the primary driver. The others are wealth Management Fees, foreign Exchange Services, consumer Lending - WeLend, B2B Technology Solutions - Tianmian Tech and digital Banking - Bank Saqu.
Who are WeLab's main competitors?
Direct peers on record are ZA Bank, Mox Bank, Livi Bank, WeBank, Bank Jago, Akulaku and Kakao Bank. Emerging players are Toss Bank and Lightnet. DBS Bank (digibank / digiVault) is listed as a broad incumbent.
Does WeLab have an API?
No public API is recorded for WeLab.
What industry is WeLab in?
WeLab's product category is Digital Banking and Consumer Lending. Its primary akta.pro industry code is FSAGALAD, Embedded Lending & Credit (POS, Working Capital, Credit Lines), with a secondary code of FSAGAJAM, SME Credit Risk, Underwriting & Financial Data (B2B Fintech Data/Decisioning). Its NAICS code is 522110 and its SIC code is 6141.