| Founded | 2017 |
|---|---|
| Closed | 2023 |
| Country | Argentina |
| Sector | Fintech |
| Total raised | $660M total (SoftBank, Goldman Sachs) |
| Collapse type | Mass Layoff Spiral |
| Founder | Pierpaolo Barbieri |
Ualá Argentina Crisis
"Argentina's challenger bank unicorn that hit $2.5B — and shed 15% of staff when regulators blocked its banking licence"
Cascading layoffs that accelerated the decline
Key Events Timeline
Ualá built Argentina's leading fintech app, offering prepaid Mastercard cards and financial services to underbanked Argentines.
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