New actors must reaffirm their success as banks: Ualá
Andrés Rodríguez Ledermann, CEO of Ualá Mexico, emphasizes that new financial firms seeking to become banks in Mexico face stringent regulatory challenges that will test their success stories and strategies.
Ualá closed an investment round of US$195 million
Ualá, an Argentine digital bank, has secured US$195 million in funding, raising its valuation to US$3.2 billion and enabling it to expand its services across Latin America.
Ualá secures a $195 million injection from an insurance giant
The Argentine fintech Ualá has raised $195 million in a funding round led by Allianz X, valuing the company at $3.2 billion.
More wallet competition to be banks abroad: Banco Galicia wants to join Ualá and Mercado Pago in Mexico
Grupo Financiero Galicia is seeking formal permission for its fintech wallet Naranja X to operate as a bank in Mexico, joining competitors Mercado Pago and Ualá who have already obtained banking licenses there.