Startups

Argentina’s Ualá Reaches $3.2 Billion Valuation in New Funding Round 

Pierpaolo Barbieri

Photographer: Tuane Fernandes/Bloomberg

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Argentine fintech Ualá said it has raised $195 million in an equity funding round led by Allianz X, the venture capital arm of Germany’s insurance giant Allianz SE, that values the company at $3.2 billion.