{"id":44595,"date":"2019-12-11T00:00:00","date_gmt":"2019-12-10T23:00:00","guid":{"rendered":"https:\/\/techma.bakertilly.es\/uala-finanzas-personales-en-argentina\/"},"modified":"2025-03-12T11:49:13","modified_gmt":"2025-03-12T10:49:13","slug":"uala-finanzas-personales-en-argentina","status":"publish","type":"post","link":"https:\/\/techma.bakertilly.es\/en\/uala-finanzas-personales-en-argentina\/","title":{"rendered":"UALA: PERSONAL FINANCE IN ARGENTINA"},"content":{"rendered":"<p style=\"text-align: justify;\">Argentine fintech Ual\u00e1 <a href=\"https:\/\/techma.bakertilly.es\/en\/sale-of-companies\/\">have sold<\/a> part of its shares in a round valued at $150M to new shareholders such as Tencent and Soft Bank.<\/p>\n<p style=\"text-align: justify;\">With this, the company will continue to grow and expand its product offering.<\/p>\n<p style=\"text-align: justify;\">According to the\u00a0<a href=\"https:\/\/www.bancomundial.org\/\" target=\"_blank\" rel=\"noopener\">World Bank<\/a>In the same period, 41% of Argentines have a debit card and only 7% borrowed or saved in a financial institution.<\/p>\n<p style=\"text-align: justify;\">As a result, there are companies in the country that seek to reverse this situation by facilitating the management of their users' personal finances through a mobile 100% technology.<\/p>\n<p style=\"text-align: justify;\">It provides access, transparency and convenience.<\/p>\n<p style=\"text-align: justify;\">A fact that is reflected in the sector's corporate finance movements.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CONOCE_A_UALA\"><\/span>MEET UAL\u00c1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">It is a <strong>Argentine mobile banking application developer, based in Buenos Aires, that helps to manage personal finances through an app and a card.<\/strong>.<\/p>\n<p style=\"text-align: justify;\">It was launched in October 2017, with the aim of improving financial inclusion in Argentina.<\/p>\n<p style=\"text-align: justify;\">It is the first free card on the market, with no issuing, renewal, maintenance or closure costs.<\/p>\n<p style=\"text-align: justify;\">Operates with an international prepaid card <em>Mastercard<\/em>.<\/p>\n<p style=\"text-align: justify;\">Available nationwide for mobile phones <em>Android<\/em> and <em>iOS<\/em>.<\/p>\n<p style=\"text-align: justify;\">At this point, it is worth mentioning that any person over 13 years of age, and with an Argentine ID card, can take part of <a href=\"https:\/\/www.uala.com.ar\/\" target=\"_blank\" rel=\"noopener\">Ual\u00e1<\/a>.<\/p>\n<p style=\"text-align: justify;\">At the beginning of 2019, the company launched its personal loan proposition and, last November, the possibility of investing in mutual funds.<\/p>\n<p style=\"text-align: justify;\">All this from its mobile application.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"BUEN_FUTURO\"><\/span>GOOD FUTURE<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">The firm has already issued more than 1.3 million cards since its launch, and is currently focused on expanding its product offering around three pillars:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Shopping<\/li>\n<li>Savings<\/li>\n<li>Funding<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Because of this, also in the month of November, <a href=\"https:\/\/techma.bakertilly.es\/en\/sale-of-companies\/\">sold<\/a> part of its shares in a <a href=\"https:\/\/techma.bakertilly.es\/en\/investor-seeking-and-capital-raising\/\">round<\/a> C series valued at <strong>$150M<\/strong>.<\/p>\n<p style=\"text-align: justify;\">It has done so to new shareholders such as <strong>Tencent<\/strong>owner of <a href=\"https:\/\/www.wechat.com\/es\/\" target=\"_blank\" rel=\"noopener\">WeChat<\/a>the largest social and communication platform in China, and <strong>Soft Bank<\/strong>.<\/p>\n<p style=\"text-align: justify;\">They have also invested in Endeavor Catalyst, a co-investment vehicle designed to support entrepreneurs, as well as other original investors: Goldman Sachs Investment Partners, <strong>Soros Fund Management LLC<\/strong>, Monashees, Ribbit Capital and <strong>Jefferies LLC<\/strong>among others.<\/p>\n<p style=\"text-align: justify;\">In this way, the business will be further scaled up.<\/p>\n<p style=\"text-align: justify;\">Ual\u00e1 expects to triple in size by 2020, creating more than 400 new jobs.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"ATENCION_INTERNACIONAL\"><\/span>INTERNATIONAL ATTENTION<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">Since its launch, Ual\u00e1 has already attracted the attention of several international investors.<\/p>\n<p style=\"text-align: justify;\">In 2018, it captured <strong>$34M<\/strong> by selling part of its shares in a series B round.<\/p>\n<p style=\"text-align: justify;\">The new investors were then Goldman Sachs Investment Partners, Monashees and Ribbit Capital.<\/p>\n<p style=\"text-align: justify;\">Previously, it had already sold a further part of its shareholding for <strong>$10M<\/strong> in another round, but this time Series A, led by Soros Fund Management LLC, Jefferies LLC, Point72 Ventures and entrepreneur Kevin Ryan, among others.<\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"OTRAS_RONDAS_SIMILARES_EN_EL_SECTOR\"><\/span>OTHER SIMILAR ROUNDS IN THE SECTOR<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"MONZO\"><\/span>MONZO<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Formerly called <em>Mondo<\/em>is a <strong>English bank dedicated to people who live their daily lives through their Smartphones<\/strong>.<\/p>\n<p style=\"text-align: justify;\">That is to say, <a href=\"https:\/\/monzo.com\/\" target=\"_blank\" rel=\"noopener\">Monzo<\/a> is aimed at people who want to make their banking transactions at the click of a button, without the need for branches.<\/p>\n<p style=\"text-align: justify;\">In order to continue to grow in the face of the growth and potential of this customer profile, it has recently received <strong>\u00a3113M<\/strong>.<\/p>\n<p style=\"text-align: justify;\">It has done so following a sale of shares in a series F round.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"N26\"><\/span>N26<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">It is a <strong>German bank<\/strong>based in Berlin, which <strong>offers mobile banking solutions <\/strong>to its customers in 17 eurozone countries.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/n26.com\/es-es\/cuenta-bancaria?utm_source=google&amp;utm_medium=br&amp;utm_campaign=1417237882&amp;utm_content=67639339198&amp;utm_term=n26&amp;matchtype=e&amp;device=c&amp;loc_physical_ms=9049110&amp;gclid=EAIaIQobChMIzImXy-aq5gIVCFXTCh0akQbiEAAYASAAEgL-yPD_BwE\" target=\"_blank\" rel=\"noopener\">N26<\/a> <strong>provides international money transfer, investment, cash withdrawal and deposit<\/strong>.<\/p>\n<p style=\"text-align: justify;\">In the middle of 2019, it lifted <strong>$170M<\/strong> in a series D round to sell part of its shareholding to new investors.<\/p>","protected":false},"excerpt":{"rendered":"<p>We analyse from a Corporate Finance perspective the third share sale of the Argentinean fintech Ual\u00e1, for $150M.<\/p>","protected":false},"author":4,"featured_media":44596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1750],"tags":[155,153,157],"sectores":[],"tipo-contenido":[2260],"class_list":["post-44595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financiacion-sectorial","tag-corporate-finance-spain","tag-global-corporate-finance","tag-venta-de-empresas","tipo-contenido-noticias"],"acf":[],"_links":{"self":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/44595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/comments?post=44595"}],"version-history":[{"count":0,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/posts\/44595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media\/44596"}],"wp:attachment":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media?parent=44595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/categories?post=44595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tags?post=44595"},{"taxonomy":"sectores","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/sectores?post=44595"},{"taxonomy":"tipo-contenido","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tipo-contenido?post=44595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}