Ualá, the neobank serving over 10 million people across Argentina, Mexico, and Colombia, has secured $195.0 million in new funding. This capital infusion marks a significant step for the company, which was founded in October 2017 by Pierpaolo Barbieri with the mission to modernize financial services in Latin America. The company has a history of attracting substantial investment, having previously closed a Series E round for $366 million in 2024, which valued it at $2.816 billion.
The company operates through a single mobile application, enabling users to manage their finances easily. Its platform offers a range of functionalities, including opening a free account, making payments, requesting loans, investing, collecting payments via Ualá Bis, and accessing the Ualá+ benefits and loyalty program. Ualá aims to provide accessible and comprehensive financial tools to its growing user base in the region.
This latest funding round underscores investor confidence in Ualá's business model and its potential for continued expansion in the competitive Latin American fintech market. The company plans to strategically deploy the newly raised capital to accelerate its growth initiatives, further develop its product offerings, and strengthen its operational presence across its key markets. This investment will support Ualá's commitment to enhancing financial inclusion and accessibility throughout the region.
With a team of over 1,300 employees and offices in Argentina, Mexico, and Colombia, Ualá has established itself as a prominent player in the digital banking sector. The company's focus on innovation and user experience supports its objective of bringing financial services into the 21st century for millions of individuals. This investment is expected to support Ualá's ongoing efforts to enhance its platform, expand its reach, and continue its trajectory as a leading neobank in Latin America.
