Financial technology company WeLab Group announced the completion of a $220 million (approximately HKD 1.716 billion) Series D strategic financing, marking the largest single round of financing since the group's establishment. It is understood that this round of financing includes both debt and equity funding, with existing investors such as TOM GROUP and Allianz Group making additional investments, along with Hong Kong Investment Management Limited (investment in April 2025) and new investors such as HSBC, Prudential Hong Kong, and Fubon Bank (Hong Kong).

The group stated that the funds raised will be used to expand its business in Southeast Asia; at the same time, by providing a richer and more diverse range of financial products and accelerating customer growth, it aims to further consolidate its leadership position in the Hong Kong market, and will support WeLab's previously announced artificial intelligence (AI) vision, as well as its strategic partnership with Google, which focuses on "AI-first" artificial intelligence to innovate digital banking services in Asia.

WeLab founder and Group CEO Dragon Pei Zhi stated that WeLab's business covers three markets, operating two digital banks in Hong Kong and Indonesia, with advantages in operational scale and practical experience. With a rapidly growing customer base and market position, he believes the group has the strength to seize opportunities, accelerate expansion, and continue innovating