Simon Loong is Founder and CEO of WeLab. Simon graduated from Stanford Graduate School of Business in Master of Science in Management prior to that he also became a Certified Public Accountant. This year he was awarded CEO of the Year by Capital CEO in 2016 and Silicon Dragon’s Entrepreneur Achievement Award in 2014.
Before founding the FinTech startup specialized in “peer-to-peer” lending business, Simon spent 15 years in retail baking divisions in Standard Chartered and more recently, Citibank. He also served as an advisor on a number of professional organizations including Shenzhen Consumer Council, Hong Kong Trade Development Council and Hong Kong General Chamber of Commerce
In your own words what does your startup do?
Founded in 2013 in Hong Kong, WeLab is reinventing traditional financial services by creating seamless mobile lending experiences. With its proprietary risk management technology, we effectively analyze unstructured mobile big data within seconds to make credit decisions for individual borrowers.
WeLab operates Wolaidai (我来贷), one of China’s largest mobile lending platforms, and WeLend, Hong Kong’s leading online lending platform. The company also partners with traditional financial institutions, which utilize WeLab’s technology to offer fintech-enabled solutions to their customers. Our investors include CK Hutchison’s TOM Group, Malaysian sovereign wealth fund Khazanah Nasional Berhad, Chinese provincial government fund Guangdong Technology Financial Group, ING Bank and Sequoia Capital.
In 2016, WeLab was named in a KPMG-sponsored report as one of the top 100 fintech companies in the world – #6 in China and #33 globally.