Ualá, the Leading Latin American Neobank, Raises $66 Million in Series E Funding Extension
Ualá, a leading neobank in Latin America, has successfully raised an additional $66 million in its Series E funding round, elevating the total amount raised to an impressive $366 million. This strategic move follows the initial closing of the Series E round in November 2024, which was spearheaded by Allianz X. The latest round has also welcomed a significant investment from TelevisaUnivision, the largest Spanish-language media company in the world.
About Ualá and Its Financial Services
Founded in 2017, Ualá is transforming the financial landscape in Latin America by offering a comprehensive suite of digital financial services through a mobile-first platform. The company’s offerings include:
- Debit and Credit Cards
- Personal Loans
- Investment Tools
- Payment Solutions
One of Ualá’s innovative products is the UaláScore, an AI-driven credit evaluation system that personalizes lending by analyzing user behavior within the app.
Funding Impact and Future Goals
The new funding is set to fuel Ualá’s expansion efforts in key markets such as Mexico, Argentina, and Colombia. The company aims to:
- Enhance its technology infrastructure
- Drive product innovation
- Scale operations across Latin America
The Series E funding round, which initially closed in November 2024, is touted as the largest private investment in the region in the past three years. Alongside Allianz X and TelevisaUnivision, other notable global investors included:
- Stone Ridge Holdings Group
- Tencent
- Pershing Square Foundation
- Ribbit Capital
- Goldman Sachs Asset Management
Vision for the Future
Ualá’s founder and CEO, Pierpaolo Barbieri, expressed pride in the overwhelming investor interest, stating, “This reaffirms our long-term vision of creating better and fairer financial services for Latin America.” He further emphasized Ualá’s unique position as the only neobank with operational banking licenses across all its markets, combined with state-of-the-art technology to ensure efficient scaling and an exceptional user experience.
For more information on Ualá and its services, visit Ualá’s official website. To explore more about the impact of neobanks in Latin America, check out our article on neobanks in Latin America.
