News Snapshot:
Allianz X leads $75 million investment in Hong Kong- to disrupt the traditional bank lending model WeLab , a Hong Kong-based fintech company offering virtual banking and consumer financing solutions, today announced it has closed $75 million in Series C-1 funding. The round, which brings the company’s total funding to $600 million, was led by Allianz X, a digital investment unit of the Germany-based Allianz Group, one of the world’s largest insurers and asset managers. The new funding, together with Allianz partnership, will bolster the acceleration of WeLab’s pan-Asian growth strategy and expansion of digital financial services. In addition to...
