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I hear that the Argentine neobank Uala has raised a large amount of money? $195 million! Now its valuation has reached $3.2 billion. Allianz X has led this funding round.
This bank is serving over 11 million people in Argentina, Colombia, and Mexico. Digital banking, savings, credit cards, loans, insurance – everything. Now they want to expand into more countries using this funding.
Interestingly, Uala started crypto trading in 2022 but then shut it down. Now the Central Bank of Argentina is working on allowing banks to offer crypto services. Let’s see what happens next.