Professor K C Chan Joins WeLab as Senior Advisor

2018-07-16

Hong Kong – July 16, 2018 - WeLab, a leading fintech company in Asia, today announces that Professor K C Chan, former Secretary for Financial Services and the Treasury of Hong Kong Special Administrative Region (HKSAR) and adjunct Professor of Finance at The Hong Kong University of Science and Technology (HKUST), has joined the company as Senior Advisor. His appointment was effective July 6, 2018.

“We are tremendously fortunate to have Professor Chan join WeLab and provide us with valuable strategic insights on our business development based on his comprehensive financial market experience and perspectives on the fintech industry. Our Board of Directors is excited for him to join the company and believes that he will help to continue its growth trajectory, create a positive impact on the local fintech scene and further promote financial inclusion” said WeLab Founder and CEO, Simon Loong.

Professor Chan has a strong research background and extensive experience in financial markets. Prior to joining WeLab, Professor Chan served as the Secretary for Financial Services and the Treasury of HKSAR from 2007 to 2017, where he focused on developing Hong Kong’s financial markets. Before working in the government sector, Professor Chan served as Dean of Business and Management at The Hong Kong University of Science and Technology. Professor Chan received both his M.B.A. and Ph.D. in finance from University of Chicago after graduating with a bachelor's degree in economics from Wesleyan University.

“I am delighted to join WeLab, a cutting-edge Hong Kong-based fintech company that is leading the way in innovation” said Professor Chan. “WeLab has established itself as an exceptional and internationally recognized fintech company driven by its professional management team, innovative products and best-in-class technology. As Senior Advisor to the company, I look forward to working closely with the team and helping to take WeLab to new heights.”

About WeLab

Founded in 2013 in Hong Kong, WeLab is reinventing traditional financial services by creating seamless mobile lending experiences. With its proprietary risk management technology, WeLab effectively analyzes 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.

WeLab was named in a KPMG-sponsored report as one of the top 100 fintech companies in the world – #8 in China and #36 globally – and was ranked by Deloitte as #1 fastest growing tech company by revenue in Hong Kong and #4 in China. WeLab’s investors include Malaysian sovereign wealth fund Khazanah Nasional Berhad, CK Hutchison’s TOM Group, International Finance Corporation (a member of the World Bank Group), Alibaba Entrepreneurs Fund, China Construction Bank (International), Sequoia Capital and ING Bank.