Hong Kong based mobile lender WeLab raised $220mn in a series B financing; investors in the round include Alibaba Hong Kong Entrepreneurs Fund, CreditSuisse, the World Bank’s International Finance Corporation (IFC) and others; they plan to use the funds for improving credit technology and look to expand globally. Source.
Tala CEO Shivani Siroya not only points to the idea of building trust to grow a customer base but also belief in her instincts.