Argentine Fintech Ualá Buys Mexican Bank ABC Capital

Ualá, which was valued at $2.5 billion in its latest financing round, will acquire 100% of Monterrey-based ABC Capital, according to its founder and chief executive officer Pierpaolo Barbieri. As part of the transaction, ABC’s existing shareholders will become minority shareholders of Ualá.

Link: https://www.bloomberg.com/news/articles/2021-11-03/argentine-fintech-uala-buys-mexican-bank-abc-capital