Ualá raises $195 million

Argentina-based fintech company Ualá has raised $195 million in equity financing led by Allianz X, with participation from Stone Ridge Holdings Group, Tencent, TABLE Holdings, L.P., Soros Fund Management LLC and D1 Capital Partners. The new investment values the company at $3.2 billion.

Founded in 2017, the neobank operates across Latin America and has 11 million users, with nearly one in five adults using the platform in Argentina.

This year, Allianz and Ualá launched in Argentina digital life and personal accident insurance products within the Ualá app, generating more than 300k quotes within weeks.

“We are building the most comprehensive and innovative banking platform in the region, and we are grateful for the continued trust of our investors. We are proud to deepen our partnership with Allianz X as well as existing and new investors. Latin America remains one of the most under-invested regions in the world, yet the demand for financial services is huge with an abundance of talent and ambition to match.” – Pierpaolo Barbieri, Founder and CEO of Ualá.

“The next wave of financial services will be built around digital ecosystems that combine banking and protection. We are convinced the future of insurance will not be sold, it will be embedded into everyday financial journeys. Latin America offers a rare mix of scale, digital momentum, and significant underinsurance. And Ualá sits at the center of that shift. For Allianz, this partnership is about more than capital; it is our deliberate move to integrate protection into the financial lives of hundreds of millions of people and shape the next generation of financial infrastructure.” – Dr. Nazim Cetin, CEO of Allianz X.