Announced
Completed
Financials
Sources
Tags
Hong Kong
Cross Border
virtual banking
Minority
Friendly
Private
Completed
Single Bidder
Private Equity
FinTech
Acquisition
fintech
Synopsis
Allianz X, a digital investment company, led the $75m Series C-1 round in WeLab, a fintech company in Asia "We see this as a first-in-market 4-way partnership where there are abundant synergies between WeLab, as a fintech leader and a pioneer in digital banking, and Allianz, as a global insurer and asset manager. More importantly, both companies share a vision on delivering advanced technology solutions to customers in Asia," Simon Loong, WeLab Founder & Group CEO.
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