Ualá, a digital banking platform operating in Argentina, has secured $195m in an equity funding round led by Allianz X, the investment division of Allianz Group.
The funding round included participation from Stone Ridge Holdings Group, Tencent, TABLE Holdings, L.P., Soros Fund Management, and D1 Capital Partners.
This new investment places Ualá’s post-money valuation at $3.2bn.
Download sample pages of selected reports
Explore a selection of report samples we have handpicked for you. Get a preview of the insights inside. Download your free copy today.
The company will use the funds to support its growth across Latin America.
Ualá holds full banking licences in each of its markets and reports a customer base exceeding 11 million.
The company offers a digital platform with services such as debit and credit cards, lending, investments, insurance, and merchant acquiring.
The latest funding also builds on an existing partnership between Ualá and Allianz.
The two companies have already launched digital life and personal accident insurance products in Argentina, generating over 300,000 quotes shortly after introduction.
In Argentina, Ualá states that nearly one in five adults use the platform. In Mexico, customer activity has reportedly increased by 7% each month since receiving a banking licence.
Ualá CEO and founder Pierpaolo Barbieri said: “We are building the most comprehensive and innovative banking platform in the region, and we are grateful for the continued trust of our investors. We are proud to deepen our partnership with Allianz X as well as existing and new investors.”
Ualá’s Series E round was completed in 2024 with a total of $366m raised.
Company figures indicate that more than 9.2 million loans have been issued via the platform and over 3 million clients have used Ualá for investment purposes since launch.
Unlock up to 35% savings on GlobalData reports
Use the code at checkout in the report store
-
20% OFF
Buy 2 reports
Use code:
Bundle20
-
25% OFF
Buy 3 reports
Use code:
Bundle25
-
30% OFF
Buy 4 reports
Use code:
Bundle30
-
35% OFF
Buy 5+ reports
Use code:
Bundle35
Valid on all reports priced $995 and above. Cannot be combined with other offers.
Still deciding what will work best for your business?
Ask our experts for help.
Enquire before buying
