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Argentina’s Uala Valued at $2.45 Billion in Round Led by Tencent, SoftBank

By
Juro Osawa
· · Source: Reuters

Tencent and SoftBank have led a new funding round for Argentinian financial technology startup Uala at a valuation of $2.45 billion, Reuters reported. Uala, whose mobile banking app offers a range of services from e-commerce to loans, has raised $350 million in the round, according to Reuters. The new fundraising comes as Uala is expanding beyond Argentina. Last September, the company launched...

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