Ualá is a personal financial management mobile app linked to a Mastercard prepaid card that allows users to conduct financial transactions, such as, transferring money and making payments and purchases, both in Argentina and abroad.

Ualá offers its users an innovative and integrated experience, including the unbanked population in the financial system providing more convenient and lower cost services than other alternatives.

Ualá was founded by Pierpaolo Barbieri, and launched in October 2017. The company is headquartered in Buenos Aires, Buenos Aires, Argentina.

 

Ualà has developed a complete financial ecosystem that offers the possibility of accessing a free international Mastercard card, paying services, request personal loans etc.

 

Ualà offers Ualá Bis, the solution for entrepreneurs and merchants that enables them to sell through a payment link or mPOS. In addition, it is possible to take out insurance and invest in mutual funds.

 

Ualá has issued more than 3.5 million cards and more than a million users who invest in the mutual fund available in the app. The company has partnerships with companies such as Netflix, delivery start-up Rappi and Spotify, which it plans to strengthen over time.

 

Ualá is backed by SoftBank Latin America Fund, Tencent, Soros Management Fund, Jefferies, Bessemer Ventures Partners, Point72 , Monashees, Greyhound Capital, Goldman Sachs, Ribbit Capital, and others. The company raised $350M in Series D round on Aug 17, 2021. This brings Ualá's total funding to $544M to date. The new round valued the at $2.45B post-money.

 

 

  • Year founded: 2017
  • Funding Info: $544M over 5 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at $2.45B as of August 17, 2021
  • City/Town: Buenos Aires
  • State: Buenos Aires
  • Country: Argentina
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