Hong Kong-based fintech unicorn WeLab has secured $156 million in a Series C round of financing, months after the company was granted with a virtual banking license by the central bank in the city this April.
The Series C round was backed by investors including Alibaba Hong Kong Entrepreneurs Fund, a not-for-profit initiative launched by Alibaba Group to back young entrepreneurs, and CCB International, an investment services company owned by China Construction Bank (CCB), according to a company statement on Thursday.
