INFOGRAPHIC: Top LatAm Startup Funding — Week 46

• Ualá, an Argentine neobank, raises $300 Million in a Series E round to expand across Latin America.
• Plata Card, a Mexican fintech, secures $55 Million in senior unsecured bonds to expand credit services for underserved Mexicans.
• Educbank, a Brazilian edtech, raises $14.5 Million through corporate bond issuance to support schools with guaranteed tuition income.
• Tako, a Brazilian HR platform, raised a $13.2 Million seed round led by a16z and Ribbit Capital to streamline employee management.
• Cometa, a Mexican fintech, raises $12 Million in Series A round to help private schools automate financial operations in Latin America.

Ualá, an Argentine neobank, raises $300 Million in a Series E round to expand across Latin America.

Argentinian fintech unicorn Ualá has secured $300 million in its Series E funding round. The round was led by Allianz X, the investment arm of Allianz, making its first foray into Latin America. Other key investors include Stone Ridge Holdings, Tencent, SoftBank Latin America Fund, and Goldman Sachs Asset Management.

Founded in 2017, Ualá is a neobank offering various financial services, including payment accounts, credit cards, loans, investments, and money transfers. The company’s platform has attracted over 8 million customers, with millions also using it for investments and loans.

With this fresh capital, Ualá plans to accelerate its expansion in Argentina, Mexico, and Colombia. The company will enhance its product offerings and explore new opportunities, including entering the insurance market. Ualá aims to become the largest bank in Argentina and lead the fintech space in Mexico and Colombia in the coming years.