Tagged: uala

December 2, 2023 @ 8:58 am By Michael Wong  |  

Buenos Aires-based fintech firm Uala has launched a no-fee credit card in Argentina, targeting the massive population of unbanked Argentines, according to a Bloomberg report. The company, which is backed by investors George Soros, Steve Cohen, and Tencent Holdings, is offering its no-fee credit card… Read More

March 22, 2022 @ 4:51 pm By Tony Zerucha  |  

Galileo, a subsidiary of SoFi (NASDAQ: SOFI), today announced its recent expansion into Colombia. The company currently provides services in Colombia where it can partner with issuers, banks, e-commerce, and Fintechs to enable its digital financial services offerings. Since Galileo’s arrival in Mexico in 2020, it has… Read More

August 16, 2021 @ 10:37 am By Omar Faridi  |  

Fintech firm Ualá has secured $350 million in capital at a $2.45 billion valuation. The company’s latest funding round is reportedly the largest private investment round ever for an Argentina-based business. Ualá’s Series D investment round has been co-led by Chinese tech giant Tencent and… Read More

May 1, 2021 @ 10:27 am By Omar Faridi  |  

Less than 6 months after its launch in Mexico’s markets, the Argentina-based Fintech firm Ualá has managed to issue over 100,000 debit cards in the country. Ualá provides a user-friendly app and various tools for effectively managing personal finances. In a recent interview with El… Read More

January 26, 2021 @ 11:17 pm By Omar Faridi  |  

The digital banking sector in South America has been growing steadily, with now over 30 neobanks in the region. Digital banking platforms currently serve more than 50 million consumers out of the region’s (approximately) 430 million residents, according to the latest data from Dutch Fintech… Read More

December 4, 2020 @ 6:10 pm By Omar Faridi  |  

Argentina-based Fintech firm Ualá will be offering mobile payments services to small businesses. Ualá is backed by major investors such as George Soros, Steve Cohen, and Tencent Holdings Ltd. The company confirmed that it will be expanding its operations into merchant services in Argentina. Ualá… Read More

November 17, 2020 @ 12:23 pm By JD Alois  |  

Galileo, an API standard for card issuing, virtual card solutions and digital banking, is aiding Argentina based Fintech Ualá’s expansion into Mexico. Moving into Mexico is Ualá’s first expansion outside its home country. Ualá is a Fintech with a mission to bring Latin American financial… Read More

June 11, 2020 @ 3:22 pm By Nathan Lustig  |  

Increasing financial inclusion is a high-priority goal of many countries because it has a widespread positive impact. Studies show that expanding financial inclusion enables seven of the 17 Sustainable Development Goals, with more financial stability leading to improved social conditions, community development, and economic growth…. Read More

November 29, 2019 @ 11:19 am By Omar Faridi  |  

Argentina-based mobile payments firm Ualá has been valued at almost $1 billion in its most recent investment round, which was led by Chinese tech giant Tencent, according to sources familiar with the details of the transaction. Tencent led Ualá’s $150 million Series C investment round…. Read More

June 9, 2019 @ 4:00 pm By Katie Griffing  |  

3 Fintech Trends to Watch in Latin America Latin America is one of the fastest-growing regions in the world for mobile usage. In fact, the region ranks third for smartphone adoption globally, behind North America and Europe In 2017, the percentage of the Latin American… Read More

April 28, 2019 @ 9:02 am By Xu Gao  |  

China Requires P2P Platform Executives Not to Leave Beijing during Administrative Review On April 25th, Internet Finance Association of Chaoyang District issued an announcement about the recently launched P2P platform administrative review. According to the document, from the date of the announcement to May 31st,… Read More