Ualá is a leading fintech company that offers a comprehensive financial ecosystem, empowering individuals with tools to manage payments, request loans, and invest in various financial products — all from a single app.
Ualá has raised $300 million in a Series E round, valuing the company at $2.75 billion. The new round was led by Allianz X, the venture capital arm of Germany’s insurance giant Allianz SE. Other new investors include Stone Ridge Holdings Group, Bill Ackman’s Pershing Square Foundation, billionaire Alan Howard, Mexican family office Rodina, and Claure Group.
Ualá, Buenos Aires, Distrito Federal, Argentina, was founded in 2017 by Pierpaolo Barbieri. In 2021, the company joined the unicorn club. “We’re going to use this to scale Argentina, where my goal is to be the largest bank in the country, not just by users but by book,” noted founder and Chief Executive Officer Pierpaolo Barbieri. As it expands, Ualá “does not rule out” growth in other markets, and is open to acquisitions, the CEO said. The funds will also be used “for the expansion of business units in both Mexico and in Colombia.”
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