Hong Kong’s fintech scene is thriving, and it’s more than just talk, looking at the top most funded fintechs in Hong Kong.

But first, let’s take a look at its fintech landscape. With over 1,100 fintech companies and four fintech unicorns, Hong Kong stands out globally, supported by forward-thinking initiatives like the “Fintech 2025” strategy and incubation programmes from HKSTP and Cyberport.

InvestHK further highlights the city’s immense potential in virtual assets and Web3. The Hong Kong government is actively nurturing this growth, committing $6.4 million to accelerate the Web3 sector and launching the Project Ensemble to drive tokenisation adoption.

In addition to that, the mBridge project, a collaboration between global central banks, including the HKMA and PBoC, is poised to transform cross-border payments through central bank digital currencies. Together, these initiatives reinforce Hong Kong’s position as a leading force in the future of digital finance.

Now, which top funded fintechs in Hong Kong lead the charge in Hong Kong this year?

Last updated: 29 April 2025

Disclaimer

The funding figures mentioned are based on publicly disclosed information from various news outlets and databases. This article includes only companies with publicly available funding data.

WeLab – $1.53 billion

Backed by heavyweights including billionaire Li Ka-shing via CK Hutchison’s TOM Group alongside Sequoia Capital, and Allianz Group, WeLab operates the city’s first homegrown virtual bank, WeLab Bank. WeLab Bank reached a significant milestone when it hit breakeven in December 2024, just within four years of launching.

WeLab has been making significant strides in the field of AI. Most recently, the company partnered with the Hong Kong Investment Corporation Limited to accelerate AI-driven innovation in fintech. The collaboration aims to advance financial technologies, nurture fintech talent, and promote inclusive finance throughout Asia.

Micro Connect – $578 million

Founded by former Hong Kong Exchange CEO Charles Li and backed by prominent investors such as Li Ka-shing and Adrian Cheng, Micro Connect is redefining alternative investments.

The company runs the MCEX exchange, which facilitates micro-financing and the securitisation of small business revenues. With a valuation of US$1.7 billion, Micro Connect is focused on democratising access to capital for small businesses through a unique investment model.

Micro Connect signed a syndicated asset-backed loan facility for up to $200 million in February 2024, with initial support of $50 million provided by HSBC. This move was to help the organisation develop a vibrant ecosystem with broad participation from a diverse set of professional investors, micro and small businesses, and market intermediaries.

Next, in September last year, Micro Connect introduced Micro Star, its latest market operating structure. This new approach now offers a more flexible and efficient way for investors and businesses to transact, especially benefiting SMEs.

Qupital – $167 million

One of the next top funded fintechs in hong kong, Qupital, offers customers reliable financing services and solutions through a digitalised process.

By using big data and proprietary credit assessment models, it streamlines financing for businesses. The company reports over $1 billion in ecommerce funding and connections with over 10,000 connected ecommerce shops.

In September 2024, Qupital received an undisclosed funding from Lending Ark to enhance its ecommerce receivables-backed securitisation facility, which is already supported by HSBC and Citi. This funding will allow Qupital to provide more flexible and affordable financing options for cross-border e-commerce merchants.

Oriente – $155 million

Oriente is also one of the top funded fintechs in Hong Kong, founded in 2017 by the co-founders of Skype and LU.com. It is a technology and data science company focused on creating opportunities for underserved communities in emerging Asia. Through its platform solutions, Oriente supports financial and digital inclusion in the region.

It uses AI, machine learning, and big data to offer real-time credit scores, on-demand lending, POS financing, working capital, and other financial solutions for underserved consumers and small businesses. Its products include Cashlo in the Philippines and finmas in Indonesia.

The company’s global headquarters is based in Hong Kong, with regional offices in Singapore, Taipei, Manila, Jakarta, and Ho Chi Minh City. Its global engineering hub is located in Shanghai.

HashKey Group – $130 million

 HashKey Group is one of Hong Kong’s leading names in the digital asset ecosystem. The company operates a full-stack digital finance platform, offering exchange services through HashKey Exchange, as well as institutional-grade custody, asset management, and venture capital.

In early 2025, HashKey raised US$30 million from Gaorong Ventures, reaffirming its valuation of over US$1.2 billion.

The group is licensed by the Securities and Futures Commission (SFC) in Hong Kong and has also secured regulatory approvals in Dubai and Ireland, laying the groundwork for regulated digital asset services.

What comes next for Hong Kong fintech?

Hong Kong regulators are working to enhance global liquidity, strengthen compliance standards, and refine product frameworks with a strong emphasis on security. Additionally, they are upgrading infrastructure to enable traditional finance to leverage the efficiency of blockchain technology.

To support this shift, the Securities and Futures Commission (SFC) has issued the ASPIRe roadmap for virtual assets, laying down a framework for tokenisation platforms to operate and innovate.

Meanwhile, Hong Kong’s financial sector is also adopting AI-powered regtech solutions to enhance compliance. These andboxes like the Gen AI from HKMA. The goal: improve efficiency, reduce manual workloads, and strengthen AML/CFT controls.

Embedded finance could also gaining traction, being driven growing consumer demand, especially in the e-commerce and retail sectors. Full integration is however, still evolving, and regulatory oversight remains a key role.

Trials are also underway for digital identity verification systems that prioritise privacy for mainland Chinese users. These include blockchain-based credentials and zero-knowledge proofs for maintaining user privacy while ensuring interoperability across borders.

Source of image: Edited from Freepik