Hong Kong-based mobile lender, WeLab announced that it raised $220 million in a Series B funding round today. The round included big names like Chinese e-commerce giant Alibaba, Credit Suisse and World Bank’s International Finance Corporation.

This latest round of funding brings WeLab’s total to $425 million. WeLab was founded in 2013, and now has over 25 million users. The company is a fully digital lender of small loans, ranging between $450 to $7,500.

So far it has processed $28 billion in loan applications. The company operates as WeLend in Hong Kong, and Wolaidai in China.

Other investors in the company include CK Hutchison’s TOM Group, Malaysia’s Khazanah Nasional Berhad, Sequoia Capital, and ING Bank.

Read more at Finextra and TechinAsia.