Ualá Secures an Additional $66 Million in Series E Funding, Bringing the Total to $366 Million

Ualá, the Latin American neobank, expanded its Series E investment round by securing an additional $66 million to the original series, reaching a total raised of $366 million. The initial closing of the round, led by Allianz X , took place in November 2024. The second closing included the participation of TelevisaUnivision, the leading Spanish-language media company in Mexico and the world.

The new investment reaffirms global investors’ confidence in Ualá’s growth strategy and financial ecosystem, underscoring the company’s commitment to accelerating its expansion in Mexico, Argentina, and Colombia, while continuing to innovate in digital financial services.

“We are proud of the investor demand to be part of our story. It reaffirms their confidence in our long-term vision of creating better and fairer financial services for Latin America ,” said Pierpaolo Barbieri, Founder and CEO of Ualá. “ 
The future is inspiring. We will continue developing world-class financial products, increasing investment, and exploring new growth opportunities throughout the region. Ualá is uniquely positioned to lead this revolution, being the only neobank with approved and operational banking licenses in every market we operate in, combined with cutting-edge technology that allows us to scale efficiently and deliver the best user experience .”

The Series E round, initially announced in November 2024 and led by Allianz X , represented the largest private investment in Latin America in the last three years. The first closing also saw participation from new and existing investors including Stone Ridge Holdings Group , Tencent , Pershing Square Foundation , Ribbit Capital , Alan Howard, Goldman Sachs Asset Management , Soros Fund Management LLC , Rodina , SoftBank Latin America Fund , Jefferies , D1 Capital Partners, Claure Group , AlleyCorp , and Monashees .

In just seven years since its launch, Ualá has built a robust financial services ecosystem, serving more than nine million users with a wide range of products, including debit and credit cards, loans, investments, payment solutions, and collection services for merchants. It also developed UaláScore, a proprietary credit evaluation model based on artificial intelligence, which assesses user profiles based on their activity in the app and offers personalized financial solutions to expand access to credit in the region.