Ualá, a digital banking platform operating in Argentina, has secured $195 million in equity funding from Allianz X, the investment arm of Allianz Group. The investment also included participation from Stone Ridge Holdings Group, Tencent, TABLE Holdings, L.P., Soros Fund Management, and D1 Capital Partners.
The financing places Ualá’s post-money valuation at approximately $3.2 billion and will support the company’s continued expansion across Latin America.
Founded to broaden access to financial services in the region, Ualá offers a mobile-first digital banking platform that includes debit and credit cards, lending products, investment services, insurance, and merchant acquiring solutions. The company reports that it now serves more than 11 million customers across its markets.
Ualá holds full banking licenses in each country where it operates, enabling it to provide a wide range of regulated financial services. The company said the new capital will help accelerate its growth strategy while expanding its financial ecosystem across Latin America.
The funding round also strengthens Ualá’s existing partnership with Allianz. The two companies have already collaborated to launch digital life and personal accident insurance products in Argentina, generating more than 300,000 quotes shortly after their introduction.
According to company figures, the platform has issued more than 9.2 million loans since its launch, and over 3 million clients have used Ualá for investment products. The company also reported that nearly one in five adults in Argentina use its platform, while customer activity in Mexico has been increasing by about 7% each month since Ualá received a banking license in that market.
The latest investment follows Ualá’s Series E financing completed in 2024, when the company raised a total of $366 million.
KEY QUOTE:
“We are building the most comprehensive and innovative banking platform in the region, and we are grateful for the continued trust of our investors. We are proud to deepen our partnership with Allianz X as well as existing and new investors.”
Pierpaolo Barbieri, Founder And CEO Of Ualá
