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WeLab Bank profile

Who owns WeLab Bank?

traditional · Hong Kong, HK · Licensed bank · custody: Custodial

short answerWeLab Bank holds its own banking licence, so WeLab Bank itself is the bank — customer deposits sit on its own regulated balance sheet rather than with a third-party sponsor. WeLab Bank's most notable disclosed backers include Sequoia Capital and Alibaba Entrepreneurs Fund.

Is WeLab Bank a licensed bank?

Yes — it holds its own banking licence. Licence detail: HK virtual bank.

Where is your money held?

Custody model: Custodial — on WeLab Bank's own balance sheet as a licensed bank.

WeLab Bank runs on: Thredd (card issuing processor). Full stack on the infra map.

Who's behind WeLab Bank?

WeLab Bank was founded by Simon Loong (2020), headquartered in Hong Kong, HK.

Early investors

Notable venture and strategic investors from WeLab Bank's publicly disclosed funding rounds.

Sequoia Capital ↗ Alibaba Entrepreneurs Fund ↗

Is my money safe with WeLab Bank?

As a licensed bank, eligible deposits at WeLab Bank are typically protected by the local deposit-guarantee scheme up to the statutory limit (for example FDIC in the US, FSCS in the UK, or the €100,000 EU scheme). Confirm the exact scheme and limit for your country.

go deeperSee the full WeLab Bank profile with every verified field, or WeLab Bank alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.