Tag "welab"
Hong Kong’s Virtual Bank WeLab Named On the 2020 CNBC Disruptor 50 List
WeLab has been named #11 on the 2020 CNBC Disruptor 50 list, and was the only company included from Hong Kong and just one of five from Asia. This is WeLab’s first appearance on this list of private companies who are
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Virtual Bank WeLab’s HK$10,000 Interest-Free Loan Opens For Application Today
Virtual banking operator WeLab announced today that its’ #HKCashDrop is open for application today, on a first come first serve basis. The initiative aims to deliver the HK$10,000 government subsidy in to the people’s hand immediately ahead of the proposed
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5 Fastest Growing Fintechs in Hong Kong According to IDC
IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players
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WeLab Raises US$ 156 Million — Gearing up To Launch WeLab Bank by 2020
WeLab, one of the 8 companies granted license from the HKMA to operate a virtual bank announced today that it has raised US$ 156 million ( HK$ 1.2 billion) of Series C strategic financing, which makes it one of the
Read MoreLivi VB’s New Trump Card is a CEO With Experience in China’s First Virtual Bank
Due to the worryingly slow development of digital banking in Hong Kong, regulator Hong Kong Monetary Authority (HKMA) granted virtual banking license it to a total of 8 virtual banks. Since then, these companies have been locked in an intense battle for talent as they
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Meet Hong Kong’s 8 New Virtual Banks
UPDATE: Four of Hong Kong virtual banks have since launched, check out our latest article to find out the progress on Hong Kong’s virtual banking scene Hong Kong Monetary Authority (HKMA) has announced a grand total of eight virtual banking
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Li Ka-Shing Backed WeLab is the First Homegrown Fintech Granted Virtual Banking License
WeLab has been granted a virtual banking license by the Hong Kong Monetary Authority (“HKMA”), becoming the first homegrown Hong Kong fintech company to establish a virtual bank. This brings the total number of approved virtual banking players in Hong
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7 Fintech Startups to Watch 2019 in Hong Kong
Hong Kong is investing heavily to become Asia’s top fintech hub. Among the key policies put in place this year to help it achieve its ambitions is a HK$500 million fund to develop financial services over the next half-decade, including
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Virtual Banks to Shake up Hong Kong Banking Landscape
Hong Kong is gearing up for the arrival of virtual banks, or financial institutions without physical branches. The Hong Kong Monetary Authority (HKMA) is set to issue the first batch of virtual bank licenses as early as this year. The
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Top 8 Funded Fintechs in Hong Kong
Investment in Hong Kong fintech firms more than doubled in 2017 compared to the previous year, jumping to US$545.7 million, according to an Accenture analysis of data from CB Insights. Since 2010, Hong Kong fintechs have raised a whooping US$940
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