Ualá Adds US$66 Million to Series E, Totaling US$366 Million

Ualá has extended its Series E funding round with an additional US$66 million, bringing the total raised to US$366 million. The initial phase of the round, led by Allianz X, was completed in November 2024. The latest investment includes participation from TelevisaUnivision.

The additional capital will support Ualá's expansion strategy in Mexico, Argentina, and Colombia, as well as enhance its digital financial services. The company operates with banking licenses in its markets and has developed financial tools such as UaláScore, an artificial intelligence-based credit assessment model.

Since its launch in 2017, Ualá has built a financial ecosystem with more than 9 million users, offering products that include debit and credit cards, loans, investment solutions, and payment services. The neobank has previously stated that it sees Mexico as one of its priority markets.

J.P. Morgan acted as the exclusive placement agent for the second closing of the round. Investors participating in Ualá's Series E include Stone Ridge Holdings Group, Tencent, Pershing Square Foundation, Ribbit Capital, Alan Howard, Goldman Sachs Asset Management, Soros Fund Management LLC, and SoftBank Latin America Fund.

Ualá reached a valuation of US$2.45 billion in 2021 following a Series D investment round led by SoftBank Latin America Fund and Tencent.