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News

Uala secures USD 350 mln in funding round

Monday 16 August 2021 08:55 CET | News

Uala, an Argentina-based fintech, has announced an investment round of USD 350 million in the company which was led by Tencent Holdings and SoftBank Group’s Latin America focused fund.
This latest round of investments has taken the valuation of the company to USD 2.45 billion as it prepares to expand into Mexico and other parts of Latin America.

The company already has a head account of around 1000 and it hopes to increase it to 1,500 by the end of 2021 as it looks to expand into Peru, Paraguay, other parts of Latin America as well as Europe, and USA.

The company has also acquired Wilobank in Argentina as it looks to dominate the digital banking industry in the country. 


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Keywords: funding, expansion, digital banking, online banking
Categories: Banking & Fintech
Companies:
Countries: Argentina
This article is part of category

Banking & Fintech

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