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Look at Uala, this new bank in Argentina has just raised $195 million, and its valuation has now reached $3.2 billion. Major companies like Allianz are investing in it, so it's clearly not an ordinary company.
They have over 11 million users, operating in Argentina, Colombia, and Mexico. They offer everything from banking services to insurance. There are still many areas in Latin America where digital banking is needed, and Uala is filling that gap.
And yes, they previously offered crypto services but shut them down. However, now Argentina's central bank is working on allowing banks to offer crypto this year, so this might be a comeback opportunity. A lot is changing in fintech right now.