Latin American neobank Ualá secures $66m in Series E extension

March 24, 2025

Ualá, a prominent Latin American neobank providing digital financial services across the region, has expanded its Series E funding round with an additional $66m, bringing the total raised in the round to $366m.

The extension follows the original Series E closing in November 2024, led by Allianz X. The second close included a strategic investment from TelevisaUnivision, the world’s largest Spanish-language media company.

Founded in 2017, Ualá offers a broad suite of financial services through a mobile-first platform. The company’s ecosystem includes debit and credit cards, personal loans, investment tools, and payment solutions. Ualá also developed UaláScore, an AI-driven credit evaluation system that enables personalised lending by assessing user behaviour within the app.

The new funding will support Ualá’s continued expansion across Mexico, Argentina, and Colombia. The company aims to accelerate investment in its technology infrastructure and product innovation while scaling its operations throughout Latin America.

The Series E round, originally closed in November 2024, marked the largest private investment in Latin America in three years, it claimed.

In addition to Allianz X and TelevisaUnivision, the round attracted a host of global backers, 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.

Ualá founder and CEO Pierpaolo Barbieri said, “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.

“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 .”