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Argentine fintech Ualá has raised $300m in one of the largest fundraising rounds for a start-up in Latin America in recent years. The latest fundraising takes Ualá, which launched in 2017 and now has 8m customers and banking licences in Argentina, Mexico and Colombia, to a valuation of $2.75b.
“This fundraising round will allow Ualá to never raise capital again and to reach full profitability in all our markets, after already achieving that in Argentina this year. Our goal with this round is to become the largest bank in Argentina, period.”
https://www.ft.com/content/c3ecfbb1-e621-48c4-b095-45c01bda8d7e
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