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.

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