Founded just three years ago, Ualá has already amassed more than two million customers in its native Argentina and recently expnanded to nearby Mexico.
Unlike consumer banking offerings in many developed markets, which compete with incumbent banks, Ualá’s main competitor is cash in markets in which as many as half of adults are unbanked.
Ualá has raised just under $200 million since launch, from leading investors including Soros, Point72, Goldman Sachs, Tencent and SoftBank.
As if building the modern financial infrastructure for Latin America weren’t enough, Pierpaolo is a Harvard and Cambridge educated Historian and Economist, published author, macroeconomic advisor and regular contributor to publications including Foreign Affairs, The New York Times, The Financial Times, The Wall Street Journal and more.
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