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June 17, 2014 12:30 pm GMT
WeLab, the startup that runs WeLend, Hong Kong’s first peer-to-peer lending site, has raised a $14 million Series A from TOM Group and Sequoia Capital. The company says it plans to launch a new product in mainland China later this year that will use big data for credit risk modeling, as well as establish strategic partnerships with mobile, e-commerce, and financial companies. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Wcti5EMCmO0/
Hong Kong-Based Financial Startup WeLab Raises $14M Series A From Sequoia And TOM Group
WeLab, the startup that runs WeLend, Hong Kong’s first peer-to-peer lending site, has raised a $14 million Series A from TOM Group and Sequoia Capital. The company says it plans to launch a new product in mainland China later this year that will use big data for credit risk modeling, as well as establish strategic partnerships with mobile, e-commerce, and financial companies. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/Wcti5EMCmO0/
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