As fintechs gained traction in Argentina, financial access to accounts has become nearly universal, according to a central bank report.
A year after launching in Colombia, Argentine neobank Ualá reached 200,000 customers in the country, its CEO Natalia Ríos told Fintech Nexus.
Argentina's fintech unicorn Ualá will invest $150 million over the next 18 months to boost its digital banking endeavors in the region.
Fintech unicorn Ualá finally obtained a banking license in Mexico, clearing the way for the neobank to aggressively expand its product suite.
Nubank and Ualá expanded to Colombia to boost customer acquisition. Replicating success in Latin America is no easy feat for digital banks.