Announced
Completed
Financials
Sources
Tags
Friendly
Completed
Private
Cross Border
Acquisition
Venture Capital
Private Equity
financial technology
FinTech
Minority
Single Bidder
Argentina
fintech company
fintech
Synopsis
SoftBank Latin America Fund and Tencent led a $350m Series D round in Ualà, a Buenos Aires, Argentine-based fintech company, with participation from Soros Fund Management, Goldman Sachs Asset Management, Ribbit Capital, Greyhound Capital, Monashees, Endeavor Catalyst, D1 Capital Partners and 166 2nd. The company, which reached a valuation of $2.45bn, intends to use the funds to expand operations, with plans to have a team of 1.5k employees by the end 2021, and its business reach, developing new business verticals, providing innovation and technological development in Latin America.
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