Argentinian fintech Ualá to acquire Mexico’s ABC Capital
The company launched in Argentina in 2017 before expanding its services to Mexico last year.
The company launched in Argentina in 2017 before expanding its services to Mexico last year.
Fintech start-up claims the funding is a record investment for an Argentine company.
Featuring Carta, Uala, FalconX, M-DAQ and TaxBit.
“It’s a much better product than we had in Argentina [upon launch],” says the CEO.
Bloomberg says Ualá is close to a $1 billion valuation.
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The amount of the equity investment has not been disclosed.
To tackle financial inclusion, LatAm’s banking industry needs to undergo changes and disruption.
Argentina-based fintech start-up Ualá has launched a mobile banking service app to champion financial inclusion in the country.