Argentine neobank Ualá raised $195M in a funding round led by Allianz X. New and existing investors also participated, including Stone Ridge Holdings Group, Tencent, TABLE Holdings, Soros Fund Management, and D1 Capital Partners. The round values Ualá at $3.2B.
Founded in Argentina, Ualá operates a fully digital banking platform that offers debit and credit cards, loans, investments, insurance, and merchant acquiring services through a single app.
Ualá will use the new capital to accelerate growth and expand its financial ecosystem across Latin America. Ualá also plans to deepen its partnership with Allianz to scale insurance products in Latin America.
Ualá serves more than 11 million customers across Latin America and holds banking licenses in all its markets.
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