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Its name may not be familiar to stock investors, but digital bank WeLab is rapidly becoming a superstar among the very institutions it hopes to disrupt.
Last month, the Hong Kong-based company said it raised $220 million through an equity and debt sale, in what it says was the largest fundraising for a digital bank last year. WeLab, which calls itself “a leading pan-Asian fintech platform,” will use the funds for expansion in Southeast Asia and product development, as well as potential acquisitions.
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