Argentine money manager Ualá raises $150m in round led by SoftBank and Tencent

Dec 03, 2019

The mobile banking and lending platform has no intention of becoming a bank according to TechCrunch, but does have similar offerings to digital challengers which did become banks – namely, its service is linked to a Mastercard prepaid card. The investment round marks SoftBank’s entry into Argentina with its Latin America-focused Innovation Fund

Bloomberg says Ualá is close to a $1 billion valuation with the new investment, which also saw participation from three New York-based investors Endeavor Catalyst, Soros Fund Management and Jefferies, as well as Goldman Sachs Investment Partners, Brazilian venture […]

The post about "Argentine money manager Ualá raises $150m in round led by SoftBank and Tencent" appeared first on Fintech Futures website.

To engage in latest trends, developments and opportunities in finance and financial technology across Australia and Latin America, join our community at Finance and FinTech Group. 

Not yet a member? Get connected and be inspired by more incredible Latin American and Australian professionals. Join the growing Somos21 Community.

Somos21 has an App!

Access Somos21 easier than ever with our smart phone app available on iPhone and Android.


Download our smart phone app on iOS and Android now!


Other news