Investors back WeLab’s financial innovation
For Hong Kong-based financial technology start-up WeLab, setting up a peer-to-peer lending (P2P) platform was never the priority. Rather, the company wanted to develop and leverage its capabilities in the design of internet finance products and big data and risk management products.
"To make or break a firm like us, it isn't about whether or not we're in P2P lending, but being able to acquire customers and do risk management. Once you can do this, capital will come," says Simon Loong,...
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