monashees’ Post

Imagine a future where banking is as accessible as your mobile phone and as flexible as your financial needs. Ualá, the neobank born in Argentina, is leading this revolution. With a recent $300 million investment in its Series E round—the largest fundraising in Latin America in the past three years—Ualá is set to make a lasting impact on the daily lives of millions. This funding highlights the trust major players like Allianz X, Tencent, and SoftBank Group Corp., monashees, Claure Group, AlleyCorp | Deep Tech, D1 Capital Partners L.P. , RODINA, The Pershing Square Foundation, Ribbit Capital, Goldman Sachs Asset Management, Soros Fund Management have in Ualá, but also reflects how this company is transforming the financial landscape for individuals. With over 8 million users across Argentina, Mexico, and Colombia, Ualá | Pierpaolo Barbieri Founder has created a financial platform offering not only bank accounts, debit and credit cards, but also investment products, loans, and solutions for merchants. What sets Ualá apart is its use of cutting-edge technology, such as its proprietary credit scoring tool, UaláScore, which leverages AI to deliver personalized financial products, even to those who have never had access to credit before. This funding will not only support Ualá’s growth but also unlock new opportunities in the insurtech space, thanks to a strategic partnership with Allianz X | Dr. Nazim Cetin Together, they will transform how people interact with insurance, making it as simple and accessible as the rest of their services. Why does this matter to you? Because Ualá is not just changing the way we manage money; it’s creating a more inclusive and accessible future for millions across Latin America. If you haven't joined this financial revolution yet, now is the time. Ualá is on track to become the largest bank in Argentina, with a clear vision to deliver the best value proposition to users in Mexico, Argentina, and Colombia. Ualá is more than just a financial option; it’s the gateway to a new model of digital banking, and the future of the financial system is here—within everyone’s reach. Allianz , Allianz Technology, Allianz Global Investors, Allianz Consulting , Allianz Services India, Allianz Partners España, Allianz Broker Australia, Allianz Partners Brasil, Allianz Partners USA, Allianz Australia Personal Injury, Allianz Global Investors DACH, Allianz Global Assistance Canada, Allianz Partners Deutschland, Allianz México.

"We didn’t expect they’d end up leading the funding round, because they’re an operator, not an investment firm," says Coenraad (Coen) Jonker of Tyme. He's speaking to DigFin Group about another #digitalbank, Nubank, which has just put $150 million into Tyme. But now that Nubank is lead investor in Tyme's Series D raise, it's able to help the Singapore-based startup expand its operations in Philippines and elsewhere. Another new strategic investor is M&G Investments, which will play a different role...supporting Tyme's eventual #IPO. Rachel Freeman Cristina Junqueira Matthew O'Sullivan #fundraise #fintech https://lnkd.in/g4vrj9fG

Nubank Leads $250M Round in Series D. Investors include Nu Holdings. Tyme, a South African-born fintech operating in Africa and the Philippines, has secured $250 million in a Series D funding round, raising its valuation to $1.5 billion. For Nubank, this investment represents a strategic effort to diversify geographically and tap into new growth opportunities beyond Latin America. While Nubank dominates its home markets in Brazil, Mexico, and Colombia, where it serves over 100 million customers, competition is intensifying. #fintech #SeriesD #valuation #banking https://lnkd.in/eF88KuW4

🔔 Allianz X has led the USD 300 million Series E funding round of Latin-American neobank Ualá! 🤝 We are joined in the round by Stone Ridge Holdings Group, Tencent, The Pershing Square Foundation, Ribbit Capital, Goldman Sachs Asset Management, Soros Fund Management, RODINA, SoftBank Latin America Fund, Jefferies, D1 Capital Partners L.P. , Claure Group, AlleyCorp | Deep Tech and monashees. 🏦 Ualá is a fast-growing neobank based in Buenos Aires. It offers a comprehensive ecosystem of financial services to its more than eight million customers in Argentina, Mexico, and Colombia. It is one of the few #fintech companies in Latin America to have full banking licenses. "As a digital financial platform with its own banking licenses, a broad product range, and strong customer growth since 2017, Ualá is uniquely positioned to participate in the upcoming growth of the Latin American financial markets. As a proven growth investor with the backing of a leading global insurer and asset manager, Allianz X is the perfect partner to support Ualá’s next bold steps,” said Dr. Nazim Cetin, CEO of Allianz X. 📈 Ualá will use the capital to extend its product range and fuel its growth. Alongside the #investment from Allianz X, Ualá is set to unlock compelling opportunities in the insurtech space, leveraging shared expertise, resources, and cutting-edge technology in cooperation with Allianz. ➡️ Read more about the investment here: https://lnkd.in/dxy3u9Yy

Largest FinTech investments of 2024: • Worldpay Buyout: The largest fintech deal in the first half of 2024 was the buyout of Worldpay, valued at $12.5 billion. • Affirm and Sixth Street Partnership: Affirm, a prominent “buy now, pay later” (BNPL) company, secured a $4 billion financing deal with investment firm Sixth Street. This agreement enables Affirm to issue over $20 billion in loans over the next three years, marking the largest capital commitment in the company’s history. • Gen Digital’s Acquisition of MoneyLion: Gen Digital, the owner of Norton and Avast, acquired fintech firm MoneyLion in an all-cash deal valued at $1 billion. This strategic move aims to enhance Gen Digital’s financial wellness offerings by integrating MoneyLion’s platform, which serves over 18 million users. • Nubank’s Investment in Tyme Group: Brazilian digital bank Nubank invested $150 million in Tyme Group, a South African neobank, as part of a $250 million Series D funding round. This investment values Tyme at $1.5 billion, elevating it to unicorn status, and supports its expansion into Southeast Asia. • Monzo’s Fundraising Expansion: UK-based digital bank Monzo expanded its fundraising efforts to £500 million in April 2024, involving prominent investors like Hedosophia and GIC. This move solidified Monzo’s position as one of the largest fundraisings for a UK tech company, achieving profitability and a valuation exceeding £4 billion. #Worldplay #Affirm #BNPL #GenDigital #MoneyLion #Nubank #TymeGroup #Monzo

Zopa Bank, the UK-based neobank, has secured $87M in a funding round led by A.P. Moller Holding, pushing its valuation beyond $1B. The company, which serves 1.3M customers with loans, credit cards, and savings accounts, has decided to hold off on an IPO, focusing instead on profitability and growth in 2025 with AI-powered tools and new current account offerings. Ingrid Lunden | TechCrunch https://lnkd.in/eivQwih4 #Fintech #FintechNews

Largest FinTech investments of 2024: • Worldpay Buyout: The largest fintech deal in the first half of 2024 was the buyout of Worldpay, valued at $12.5 billion. • Affirm and Sixth Street Partnership: Affirm, a prominent “buy now, pay later” (BNPL) company, secured a $4 billion financing deal with investment firm Sixth Street. This agreement enables Affirm to issue over $20 billion in loans over the next three years, marking the largest capital commitment in the company’s history. • Gen Digital’s Acquisition of MoneyLion: Gen Digital, the owner of Norton and Avast, acquired fintech firm MoneyLion in an all-cash deal valued at $1 billion. This strategic move aims to enhance Gen Digital’s financial wellness offerings by integrating MoneyLion’s platform, which serves over 18 million users. • Nubank’s Investment in Tyme Group: Brazilian digital bank Nubank invested $150 million in Tyme Group, a South African neobank, as part of a $250 million Series D funding round. This investment values Tyme at $1.5 billion, elevating it to unicorn status, and supports its expansion into Southeast Asia. • Monzo’s Fundraising Expansion: UK-based digital bank Monzo expanded its fundraising efforts to £500 million in April 2024, involving prominent investors like Hedosophia and GIC. This move solidified Monzo’s position as one of the largest fundraisings for a UK tech company, achieving profitability and a valuation exceeding £4 billion. #Worldplay #Affirm #BNPL #GenDigital #MoneyLion #Nubank #TymeGroup #Monzo

The fintechs – public and private – that are solving real problems and have strong fundamental unit economics will continue to perform well,” said Nigel Morris, a managing partner at QED Investors. Two of QED’s profitable portfolio companies are San Francisco-based SoFi Technologies Inc. and Brazilian challenger bank Nu Holdings Ltd., or NuBank. SoFi’s shares are up around 47% so far this year, while NuBank’s are up 62%.

Revolut secures new $45 billion valuation following secondary share sale with major investors as it targets a potential IPO “…Revolut has secured a $45 million valuation via a secondary share sale, despite a wider slump in fintech valuations. The London-based neo-bank, which recently secured a banking license in the UK, has signed agreements with institutional investors over a share sale that significantly boosts the company's valuation…” #neobank #unicorn #valuation #boost Business Insider #informationbanker Informationbanker Revolut

🇦🇷🏦 Ualá, an Argentine-based #neobank operating across Latin America, recently closed a $300 million Series E funding round, securing a $2.75 billion valuation. The deal represents the largest growth equity round in Latin America in recent years and marks Allianz X’s first investment in the region. Ualá plans to utilise the capital to enhance its services across Latin America, particularly in Argentina, Mexico, and Colombia. 📈 This round, led by Allianz X—the investment arm of Allianz Group—includes contributions from high-profile investors such as Stone Ridge Holdings, Tencent, The Pershing Square Foundation, Ribbit Capital, and Goldman Sachs Asset Management. 🤖 Read more here: https://lnkd.in/eu3AsJjV Dr. Nazim Cetin Pierpaolo Barbieri #tech #funding #news #VC #startup #banking #latinamericantech #investment #innovation #technology