# WeLab

> WeLab is a Hong Kong-based financial technology group operating online consumer lending, two digital banks and enterprise technology services across Hong Kong, mainland China and Indonesia. Its brands include WeLend, WeLab Bank, Bank Saqu, WeLab Digital and Tianmian Technology.

- **Founded:** 2013
- **Headquarters:** Hong Kong, Hong Kong
- **Founders:** Simon Loong (Co-founder and Group CEO), Kelly Wong (Co-founder; COO in KPMG’s 2019 profile), Frances Kang (Co-founder)
- **Products:** WeLend, WeLab Bank, GoWealth, Bank Saqu, WeLab Digital
- **Notable:** HKMA granted its subsidiary Hong Kong’s fourth virtual banking licence on 10 April 2019., WeLab Bank reported HK$942 million revenue for 2025, up 35% year-on-year., Bank Saqu reached nearly two million customers by end-2024, according to Astra.

## Products & services

- **WeLend** — Hong Kong online personal lending, including debt consolidation; uses AI-supported credit assessment.
- **WeLab Bank** — Licensed Hong Kong digital bank offering deposits, personal loans, investment services, foreign exchange and debit cards.
- **GoWealth** — Goal-based digital wealth advisory developed with Allianz Global Investors; launched with a minimum investment of HK$100.
- **Bank Saqu** — Indonesian bank jointly owned with Astra; digital services include savings pockets, community time deposits and transaction round-up savings.
- **WeLab Digital** — Mainland China online consumer financial technology platform.
- **Tianmian Technology** — Mainland China enterprise financial technology, including risk management and privacy computing solutions.
- **Multi-Currency Debit Card** — WeLab Bank card launched in December 2025, supporting 11 currencies.

## Achievements

- HKMA granted its subsidiary Hong Kong’s fourth virtual banking licence on 10 April 2019.
- WeLab Bank reported HK$942 million revenue for 2025, up 35% year-on-year.
- Bank Saqu reached nearly two million customers by end-2024, according to Astra.
- WeLab Bank received Euromoney’s Best Digital Bank for Consumers - Hong Kong award in 2025, as reported in its financing announcement.

## Latest updates

- **2026-06** — For the six months ended 30 June 2026, WeLab Bank reported HK$491.7 million revenue, up 7.7%, and a statutory net loss of HK$11.8 million. Its separately adjusted net loss was HK$5.4 million. Period-end data from the 2026 interim report.
- **2026-04** — WeLab Bank announced 2025 revenue of HK$942 million and operating income after expected credit losses of HK$573 million.
- **2026-01** — WeLab announced US$220 million Series D financing combining debt and equity.
- **2025-09** — Google AI partnership announced, including an internal investment research agent and planned customer-facing AI tools.

## Links

- Website: https://www.welab.co/en/
- LinkedIn: https://www.linkedin.com/company/welab-limited/
- Instagram: https://www.instagram.com/welab.bank/
- Facebook: https://www.facebook.com/WeLabFinance

---

Profile page: https://yespress.io/welab
Published by YesPress — https://yespress.io
Last updated: 2026-10-08