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Tencent Invests In Argentine Mobile Banking Startup Uala

by finextra.com posted 1month ago 16 views
Chinese Internet powerhouse Tencent has made another investment in the Latin American fintech scene,...: Chinese Internet powerhouse Tencent has made another investment in the Latin American fintech scene, buying a stake in Argentine mobile banking firm Uala. Tencent joins George Soros and Point72 Ventures as Uala investors. Terms of the deal have not been disclosed. Uala provides users with a prepaid card and app that can be used to transfer money, top up mobile phone credit, and get insights into spending.

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