WeLab Raises $220 Million in Series D, Asia’s Largest Digital Banking Round of 2025

January 17, 2026
WeLab has completed a $220 million Series D funding round, marking the largest digital banking capital raise in Asia for 2025. The financing will support its AI initiatives and regional expansion, including its partnership with Google.

WeLab has completed a US$220 million Series D strategic financing, marking the largest digital banking capital raise in Asia for 2025, announced in a press release. The round combines both debt and equity investments and represents the company’s largest funding since its founding.

Investors in the round include Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Corporation, TOM Group, Allianz X, and HSBC. The funding will support WeLab’s expansion across Southeast Asia and strengthen its position in Hong Kong through broader product offerings and faster customer growth.

The company said the financing will also advance its AI-focused initiatives, including its AI-first strategic partnership with Google. These efforts will drive the development of AI agents, personalized banking experiences, and modernized marketing capabilities.

WeLab operates digital banks in Hong Kong and Indonesia and serves over 70 million users across three markets. The company plans to use the new funding to enhance its technology platforms, pursue strategic acquisitions, and scale its regional digital banking operations.

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