
Argentine fintech company Ualá has successfully raised $300 million in a Series E funding round, achieving a valuation of $2.75 billion. The funding was led by Allianz X and marks an increase from the company's previous valuation of $2.45 billion in August 2021. Ualá, which provides financial services to approximately 8 million users, plans to utilize the new capital to expand its business units, according to CEO Pierpaolo Barbieri. The funding round attracted a diverse group of investors, including notable figures such as Bill Ackman, Goldman Sachs, and George Soros. The announcement of the funding was attended by Argentine President Javier Milei, highlighting the significance of this financing for the country's fintech landscape.
Is this the new Nubank? Yup hopes yes https://t.co/9Nvt5MpQ53
Vega, which is developing AltOS, a platform to help alternative asset managers further their distributions, raised a $20M Series A led by Apollo and Motive (@irenegperez / Bloomberg) https://t.co/LDlIHbdktA 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/c8E6b5erax
Thoughts on Nubank $NU? Will report Q3 2024 results tomorrow. https://t.co/bAoQAeV1A8