Deals
Argentina’s Uala Valued at $2.45 Billion After Financing Round
- Softbank, Tencent led $350 million Series D funding round
- Company to reach operational breakeven in Argentina in 2022
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Argentine financial services startup Uala was valued at $2.45 billion in a financing round led by Japanese conglomerate SoftBank Group Corp. and Chinese Internet giant Tencent Holdings Ltd.
Both companies are boosting their stake in the Buenos Aires-based firm through a $350 million series D financing round, along with early backers including the billionaire George Soros, Goldman Sachs Group Inc., Ribbit Capital and Monashees. New investors in the round include hedge fund D1 Capital Partners, 166 2nd LLC and angel investor Jacqueline Reses.