Citigroup clinches US$260m asset-backed financing for WeLab
Citigroup Inc. led a US$260 million asset-backed financing for WeLab Ltd., Hong Kong’s biggest online lending platform, people familia...
Source: thestandard.com.hk
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Citigroup clinches financing for WeLab • BusinessMirror
CITIGROUP Inc. led a $260-million asset-backed financing for WeLab Ltd., Hong Kong’s biggest online lending platform, people familiar with the matter said. Citigroup is the sole senior underwriter on the deal, the people said, asking not to be identified because it’s private. Hong Kong-based representatives for Citigroup and WeLab declined to comment. Banks are expanding
Source: businessmirror.com.ph
Hong Kong fintech WeLab said to be seeking funds at $2b valuation
WeLab is looking to raise $200-250m in the new round, reported Bloomberg.
Source: dealstreetasia.com
Indonesia's digital banking boom
Miriam Andreta and Raditya Pratamandika Putra of Walalangi & Partners discuss the growth of digital banking in Indonesia
Source: iflr.com
Online Finance Startup WeLab to Take Control of Indonesian Bank
Online Finance Startup WeLab to Take Control of Indonesian Bank - The Hong Kong-based company plans to invest $240 million to buy the Indonesian lender as it looks toward launching internet banking in the Southeast Asian country
Source: caixinglobal.com