Digital Banking is something that’s being keenly watched in the Southeast Asia region. We’ve seen 4 digibanks start up in Singapore, and here in Malaysia we’re expecting a few to open their doors to customers this year. While a lot of attention has been paid to players such as Grab, Sea Limited, and Ant Financial, another key player to watch in this region is WeLab.



WeLab was founded in 2013 and over the decade has raised around $900 million to fund ambitions to improve accessibility to financial services. They are involved in digital lending, digital banking, and SaaS enterprise solutions.



The 10-year old Hong Kong based fintech player made its entry into the Southeast Asian digital bank fray last year when it acquired Bank Jasa Jakarta. What does signal about its expansion strategy for Southeast Asia?



To find out, on this episode of Open for Business, we speak with Simon Loong, Founder & Group CEO of WeLab Group. Aside from their plans for Southeast Asia, we’ll also dive into WeLab’s 10 year journey, the growth across Hong Kong and Mainland China, what lies ahead for this Hong Kong unicorn, and ofcourse the pathway to IPO.



Photo Credits: Shutterstock

Digital Banking is something that’s being keenly watched in the Southeast Asia region. We’ve seen 4 digibanks start up in Singapore, and here in Malaysia we’re expecting a few to open their doors to customers this year. While a lot of attention has been paid to players such as Grab, Sea Limited, and Ant Financial, another key player to watch in this region is WeLab.WeLab was founded in 2013 and over the decade has raised around $900 million to fund ambitions to improve accessibility to financial services. They are involved in digital lending, digital banking, and SaaS enterprise solutions.The 10-year old Hong Kong based fintech player made its entry into the Southeast Asian digital bank fray last year when it acquired Bank Jasa Jakarta. What does signal about its expansion strategy for Southeast Asia?To find out, on this episode of Open for Business, we speak with Simon Loong, Founder &amp; Group CEO of WeLab Group. Aside from their plans for Southeast Asia, we’ll also dive into WeLab’s 10 year journey, the growth across Hong Kong and Mainland China, what lies ahead for this Hong Kong unicorn, and ofcourse the pathway to IPO.Photo Credits: Shutterstock

The flagship entrepreneurship show on BFM, featuring personal business stories from early stage start-ups, all the way to billionaire octogenarians in Malaysia and abroad. Notable guests include Martin Cooper (father of the mobile phone), Julian Assange (founder of WikiLeaks), Ralph Henry Baer (father of video games), Tony Buzan (Mindmap Guru), Isaac Tigrett (Hard Rock Cafe founder), Robert Kiyosaki (Financial Guru), Nick Vujicic (motivational speaker) and more. Tap into this valuable resource of shared experiences for the SME industry, which also touches on news, issues and trends affecting the business community and beyond.

Open For Business

Discover fresh concepts, tackle obstacles, and unleash growth - Open For Business is the dynamic show where BFM engages with entrepreneurs, business leaders, and industry trailblazers, igniting inspiration, sparking success, and exploring new business models.

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