Ualá Adds $66 Million to Series E Fundraising, Reaching $366 Million
Hey FinTech Fanatic!
Seven years ago, a new player was born in the financial landscape in Argentina: Ualá. Since then, the FinTech has expanded across Latin America, gaining millions of users and drawing the attention of investors. Now, Ualá has secured an additional $66 million in funding, adding to its latest investment round.
The first closing of this round in November 2024, led by Allianz X, valued Ualá’s at $2.75 billion. With this latest investment, which includes TelevisaUnivision, the company continues to attract attention as it expands in Argentina, Mexico, and Colombia.
“We are proud of the investor demand to be part of our story, which reaffirms their trust in our long-term vision of creating better and fairer financial services for Latin America,” said Pierpaolo Barbieri, Ualá’s Founder & CEO. “The future is inspiring. We will continue to develop world-class financial products, increasing investment, and exploring new growth opportunities across Latin America.”
Ualá now serves over nine million users. What began with a debit card has grown into a wider range of financial services, including credit, loans, investments, and payments. The company’s credit assessment tool, UaláScore, applies AI-driven insights to offer financial products to a broader audience.
By November 2024, Ualá had:
• More than 8 million users, now surpassing 9 million.
• Issued over 7 million loans.
• Reached 17% of Argentina’s adult population.
• Enabled 2.7 million users to invest through its platform.
• Recorded a 55% increase in Total Payment Volume (TPV) for merchant acquiring over the past year.
With millions of users, growing transaction volumes, and continued investor participation, Ualá is expanding its presence in Argentina, Mexico, and Colombia. As it broadens its financial services, the company moves forward with new funding and a focus on reaching more people in the region.
Read more global FinTech industry updates below 👇 and I'll be back with more tomorrow!
Cheers,
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DONEDEAL FUNDING NEWS
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