Breaking News | Softbank Led US$150M Investment in Argentina

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News summary Softbank accelerates in Latam. Ualá, an Argentine startup of personal finance management app, has raised a US$150M for Series-C led by SoftBank’s Latin America-focused Innovation Fund and Tencent. (Reference: Tech Crunch’s article on 25 Nov. 2019)   Who is Ualá? Ualá is the startup that provides a mobile banking app and lending platform with services similar to those of Revolut, Monzo and Nubank. However Ualá has no orientation to actually become a bank itself. Founder and CEO Pierpaolo Barbieri, a Buenos Aires native and Harvard University graduate, says his ambition was to create a platform that would bring all financial services into one app linked to one card. As it exists … Conteúdo