WeLab is ranked No. 11 on this year's Disruptor50 list.
established in Hong Kong and now operates in three markets — Hong Kong, mainland China and Indonesia. It has 42 million individual users and 300 enterprise customers.WeLab's CEO, Simon Loong, co-founded the company after finishing his master's degree at Stanford University in 2012. He had already spent the prior 15 years in banking on the risk management side but was noticing the rise of fintech around the world.
The company has raised $580 million in funding, including a $156 million round in December from investors such asLike nearly every company in Asia, WeLab quickly sent employees home after the outbreak of the
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