(Reuters) – WeLab Ltd, a fintech company backed by investors including Sequoia Capital and Hong Kong billionaire Li Ka-shing, is weighing a new funding round that could value the firm at about $2 billion, Bloomberg News reported on Monday.
WeLab, backed by investors like Allianz and Li Ka-Shing’s Tom Group Ltd, is looking to raise $200 million to $250 million in the new round, Bloomberg reported, citing people familiar with the matter.
(Reporting by Urvi Dugar in Bengaluru; Editing by Savio D’Souza)
