Fusion Bank

What Fusion Bank does

Fusion Bank is a licensed digital bank headquartered in Hong Kong, operating as a private limited company under Hong Kong law and serving individual consumers and businesses through a mobile-first platform. Its core product portfolio includes deposit accounts in HKD, CNY and USD, personal and business loans, investment products starting from HKD 1, global remittance, and 24-hour foreign exchange services — making it the first digital bank in Hong Kong to offer foreign exchange. Target customers include Hong Kong identity card holders aged 18 and above (excluding US persons), Greater Bay Area SMEs requiring cross-border financial services, and broader business banking customers. Distribution is entirely digital via iOS/Android apps and the fusionbank.com web portal, with self-serve account opening completed in approximately five minutes using an HKID card and mobile number.

The bank runs on a next-generation core banking system co-developed with WeBank Technology Services, integrating over 150 subsystems across key banking areas with a 15-hour go-live completed in late 2024. A distinctive technological asset is the Shenzhen-Hong Kong Cross-Boundary Data Validation Platform, which uses blockchain-based hash verification to validate personal and corporate data without transferring or storing original files, and connects to the Hong Kong Monetary Authority's Commercial Data Interchange (CDI) for cross-boundary credit assessment. As of mid-2025, the platform had served 10+ business entities and facilitated over HKD 100 million in loans for Greater Bay Area SMEs, and was showcased at HKMA's 2025 Data Summit.

Fusion Bank's revenue model combines interest income from lending activities, fee-based income from investment products, deposits, remittance and foreign exchange transactions, and foreign exchange margins on HKD/CNY/USD conversions. The bank holds a Hong Kong digital bank license and is a member of Hong Kong's Deposit Protection Scheme, protecting eligible deposits up to HKD 800,000. Strategic partners include WeBank Technology Services as a core technology partner and ICBC (Asia) as an early co-adopter of the cross-boundary data validation platform. In 2025, Fusion Bank and WeBank received the TAB Global Financial Technology Innovation Award for the core banking modernization.

Name

Fusion Bank

Legal name

Fusion Bank Limited

Website

https://fusionbank.com

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Fusion Bank is a Hong Kong-licensed digital bank offering deposits, loans, remittance, investment products, and multi-currency foreign exchange (HKD, CNY, USD) to individual consumers and Greater Bay Area SMEs through a mobile-first platform with self-serve onboarding.

Ownership category

akta.pro rank

Product category

Digital Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Cross-Border A2A & Bank Transfer Networks (FSAMAIAF), Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA)

Keywords

• Digital banking services
• Foreign exchange services
• Personal banking
• Business banking
• Cross-border remittance

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income: Traditional banking interest income from lending activities including personal loans and credit facilities. Loan products include top-up loans with daily interest rates.
2. Fee-based Services: Fee income from investment products, deposits, remittance services, and foreign exchange transactions.
3. Foreign Exchange Margin: Revenue from currency exchange services in HKD, CNY and USD, with rates subject to market conditions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Fusion Bank is a licensed digital bank in Hong Kong providing retail and business banking services through mobile and online channels. Its offerings include deposit accounts, personal and business loans, investment products, foreign exchange in HKD/CNY/USD, and global remittance services. The bank differentiates itself as the first digital bank in Hong Kong offering foreign exchange and operates a blockchain-based cross-boundary data validation platform connected to HKMA's Commercial Data Interchange.

Product overview

Fusion Bank is a licensed digital bank in Hong Kong offering a unified digital banking platform for both personal and business customers. The product portfolio centers on core banking services including deposit accounts, personal and business loans, investment products, and remittance services. A distinctive feature is its multi-currency support (HKD, CNY, USD) with 24-hour foreign exchange capabilities, making it the first digital bank in Hong Kong to offer foreign exchange services. The bank has recently upgraded to a next-generation core banking system developed in partnership with WeBank Technology Services, integrating over 150 subsystems to enhance operational efficiency and digital capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Banking Services

Quantifiable outcome

• Loan facilitation exceeding HKD 100 million for Greater Bay Area SMEs
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor and core.

• ICBC (Asia)minorStrategic or Co-development Partner · 29 July 2025ICBC (Asia) and Fusion Bank shared early adoption outcomes of the Shenzhen-Hong Kong Cross-Boundary Data Validation Platform, which uses blockchain-based hash verification for cross-boundary credit assessment services.
• WeBank Technology ServicescoreTechnology or Integration · 26 May 2025WeBank Technology Services partnered with Fusion Bank to implement a next-generation core banking system, completed within 10 months. The project integrated over 150 subsystems with minimal disruption during a 15-hour go-live. WeBank's technology infrastructure serves over 400 million customers globally.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Livi Bank: Livi Bank is a Hong Kong-licensed virtual bank backed by Bank of China (Hong Kong), offering digital deposits, lending, and payments. It directly competes with Fusion Bank and brings deep incumbent banking expertise through its parent.
• WeLab Bank: WeLab Bank is a Hong Kong-licensed virtual bank offering digital banking services including deposits, loans, and wealth management. It directly competes with Fusion Bank in the HK digital banking market with a comparable product suite and target customer base.
• ZA Bank: ZA Bank is Hong Kong's largest virtual bank, licensed by the HKMA, offering deposits, loans, FX, and remittance services. It is the most direct competitor to Fusion Bank in the Hong Kong digital banking space, serving overlapping customer segments with similar product offerings.
• Mox Bank: Mox Bank is a Hong Kong digital bank backed by Standard Chartered, HKT, and Trip.com, offering deposits, cards, payments, and lending services. It is a direct competitor with strong institutional backing and partner-driven distribution that Fusion Bank must compete against.
• Airstar Bank: Airstar Bank is a Hong Kong-licensed virtual bank focused on digital banking services for consumers and SMEs. It competes directly with Fusion Bank in the local digital banking market with a similar HKMA-licensed operating model.

Broad incumbents

• ICBC (Asia): ICBC (Asia) is a major Hong Kong bank and Fusion Bank's strategic partner on cross-boundary data validation. It is a broad incumbent offering comprehensive banking services with established institutional relationships across the Greater Bay Area.
• Ant Group: Ant Group operates MYBank and other digital financial services platforms serving hundreds of millions of customers across Asia. It represents the broad incumbent model of large-scale digital banking and embedded finance that Fusion Bank's technology platform aspires to replicate.
• Standard Chartered Hong Kong: Standard Chartered is a major incumbent bank in Hong Kong with deep cross-border Greater Bay Area capabilities and a co-owner of Mox Bank. It competes broadly with Fusion Bank in HK and cross-border banking, leveraging extensive regional presence.

Regional players

• Kakao Bank: Kakao Bank is South Korea's leading mobile-first digital bank, offering comparable deposits, lending, and FX services through a digital-only model. While operating in a different geography, it provides a benchmark for the digital bank business model Fusion Bank is pursuing in Hong Kong.

Emerging players

• WeBank: WeBank is Tencent-backed digital bank serving 400M+ customers globally and Fusion Bank's core technology partner powering its next-generation core banking system. While primarily operating in mainland China, its technology stack and digital banking model are directly comparable to Fusion Bank's.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/fusionbankhk
• LinkedInlinkedin.com/company/fusion-bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fusion Bank