Colombia is taking firm steps to bring clarity to the local virtual assets sector, which now operates in a gray zone.
Andres Murcia, the bank’s Deputy Manager of Monetary and International Investments, stated that first, the institution took a defensive stance with this draft. Nonetheless, its views evolved, becoming more progressive, acknowledging that digital assets are innovative and can benefit Colombia.
Argentine Neobank Uala Raises $195 Million to Bankroll Latin American ExpansionUala, an Argentina-based neobank, has closed a successful funding round, becoming one of the largest fintech companies in Argentina and Latin America.
The company, which serves over 11 million people in Argentina, Colombia, and Mexico, raised $195 million in a funding round led by Allianz X, the investment arm of Allianz Group, with participation of Stone Ridge Holdings Group, Tencent, TABLE Holdings, L.P., Soros Fund Management LLC, and D1 Capital Partners, among others.
After this round, Uala reaches a valuation of $3.2 billion, signaling the growing investor trust in its business model.
FAQHow much funding did Argentine neobank Uala recently raise?Uala raised $195 million in a funding round, solidifying its position as one of the largest fintech companies in Latin America.
