# WeBank: Financial services, China

> WeBank: WeBank Co., Ltd. is China's first digital-only bank and the world's largest neobank by user base, founded in December 2014 and operational since 2015.

Source: https://millionrounds.com/startup/webank (Millionrounds; every figure on the page links to its filing or article)

China · [Financial services startup](https://millionrounds.com/companies)

# WeBank

WeBank Co., Ltd. is China's first digital-only bank and the world's largest neobank by user base, founded in December 2014 and operational since 2015.

Funding reported Last round: Undisclosed round

Financial services China

Company summary

- **Founded:** 2014 12 years old
- **Team:** 1,100 1,000+ people
- **Funding reported:** 1.2B as listed, currency not stated
- **Last round:** Undisclosed round Jun 2016

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for WeBank has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About WeBank

WeBank Co., Ltd. is China's first digital-only bank and the world's largest neobank by user base, founded in December 2014 and operational since 2015.

Headquartered in Shenzhen, Guangdong Province, WeBank is a privately held financial institution backed by major companies, including Tencent Holdings, which is its largest shareholder. The bank focuses on providing inclusive and affordable financial services through digital channels, primarily leveraging the WeChat platform. WeBank offers a range of services, including unsecured personal microloans, digital savings, and wealth management tools. It also provides financial solutions for micro, small, and medium-sized enterprises (MSMEs), such as business loans and supply chain finance. In June 2024, WeBank expanded its reach by launching WeBank Technology Services in Hong Kong, aiming to deliver its fintech capabilities globally. With over 400 million retail customers and 5 million MSMEs, WeBank is committed to serving underserved populations and driving innovation in the financial services industry.

## What company datasets say WeBank raised

Funding, as reported

Reported in all **1.2B** in the source's currency

Rounds **1**

Last round **Undisclosed round**

Last round size **165M**

Last round date **Jun 2016**

Investors listed **3**

## The company, in detail

What they build

Known for

and

Built with from their website

HREF Lang Viewport Meta AI Yardi Commercial Suite Brocade Switches Mobile Friendly Open Graph Lua OpenResty Sectra PACS

+4 more

HSTS Nginx Google Baidu Search Engine

- **Sector:** Financial services
- **Industry code:** NAICS 522110, SIC 6021
- **Revenue:** 5.2B a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/webank)

## Financial services in China

Startups like it

- [**Dianrong** Shanghai · founded 2012 *Raised*](https://millionrounds.com/company/dianrong)
- [**Zhaolian Consumer Finance Co., Ltd.** Shenzhen · founded 2015](https://millionrounds.com/startup/zhaolian-consumer-finance-co-ltd)
- [**Digital Sustainable Transport Shenzhen Ltd** Shen Zhen Shi · founded 2015](https://millionrounds.com/startup/digital-sustainable-transport-shenzhen-ltd)
- [**Shuipi Chou** Beijing · founded 2016](https://millionrounds.com/startup/shuipi-chou)
- [**Harbin Hayin Consumer Finance Co., Ltd.** Harbin · founded 2017](https://millionrounds.com/startup/harbin-hayin-consumer-finance-co-ltd)
- [**China Unionpay Merchant Services** Shanghai · founded 2002](https://millionrounds.com/startup/china-unionpay-merchant-services)
- [**Snowball Finance (Xueqiu)** Beijing · founded 2010](https://millionrounds.com/startup/snowball-finance-xueqiu)
- [**Wacai** Hangzhou Shi · founded 2009](https://millionrounds.com/startup/wacai-3)

## Is this your company?

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