Startups
Argentina’s Ualá Reaches $2.75 Billion Valuation
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Argentine fintech company Ualá has raised $300 million from investors at a valuation of $2.75 billion, the latest funding haul for one of the most valuable startups in Latin America.
The Series E round was led by Allianz X, the venture capital arm of Germany’s insurance giant Allianz SE, which hadn’t invested in Latin America previously. Other new investors include Stone Ridge Holdings Group, Bill Ackman’s Pershing Square Foundation, billionaire Alan Howard, Mexican family office Rodina and Claure Group.