Hong Kong has the natural branding of Asia’s largest financial centre. This provides an immediate attraction for FinTech and has driven its development in recent years. Hong Kong’s position as Asia’s super connector is particularly useful for B2B solutions. Furthermore, its historical proximity to China makes it hard for other hubs to displace Hong Kong.
Hong Kong Profile
- Data analytics
- Robotics
- Big data
- P2P technologies
- Natural language processing
- Foreign exchange
- Cyber security
- E-commerce
- Wealth management
- Robo advisors
- High cost of living
- Risk averse culture
- Small size of market
WeLend, operated by WeLab, is Hong Kong’s leading online lending platform. In 2015 WeLab won Hong Kong’s Tech Company of the Year Award, and in 2016 they raised over $150m. WeLend generates HK$4.5 bn in applications as of July 2016.