SoftBank Latin America Fund and Tencent led a $350m Series D round in Ualà.

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.