Argentinian fintech unicorn Ualá expanded its Series E round by raising an additional $66M, bringing the total round to $366M.
TelevisaUnivision, the largest Spanish-language television conglomerate and the biggest broadcaster in Mexico, joined as a strategic investor. TelevisaUnivision plans to use its media platform to help Ualá expand and reach new customers in Mexico.
Ualá is a neobank that offers a wide range of financial products like payment accounts, credit cards, investments, money transfers, and loans.
Ualá will use the funds to expand its offerings, accelerate growth in Argentina, Mexico, and Colombia, and explore insurance opportunities with Allianz.
Founded in 2017, Ualá reached a valuation of $2.75B after raising a Series E round in November 2024. Ualá’s investors include Goldman Sachs Asset Management, SoftBank Latin America Fund, Soros Fund Management, Tencent, and others.
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