Stablecoin giant Tether has invested $20 million in Argentine neobank Ualá as part of a broader $197 million funding round that valued the fintech at $3.2 billion on a post-money basis.
The investment was part of a funding round initially led by Allianz X in March 2026, with participation from new and existing global investors, including Stone Ridge Holdings Group, Tencent, TABLE Holdings, L.P., Soros Fund Management LLC, D1 Capital Partners, and Jubarte.
Ualá describes itself as a digital financial platform offering banking, payments, credit, and investment products through its mobile application. The company says it serves more than 11 million customers across Latin America and operates under banking licenses in Argentina, Mexico, and Colombia.
According to a statement, the capital raised in the round is being used to strengthen the company’s investment in technology and expand its financial products across the region.
The follow-on investment also deepens Ualá's operational partnership with lead investor Allianz X, focused on combining the neobank's digital distribution capabilities with Allianz's insurance and asset management products in the region, the company said.
