Argentine Fintech Ualá to Start Giving Personal Loans in Mexico
- Company launching loans via partner bank ABC Capital
- Ualá is pending approval to finalize purchase of ABC
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Argentina’s Ualá, the fintech company backed by George Soros, Steve Cohen and Tencent Holdings, will begin offering loans for its clients in Mexico through its alliance with Mexican bank ABC Capital.
The service will be offered through ABC and allow for loans of up to 20,000 mexican pesos ($1,011) between 12 and 36 months, according to Ualá chief executive officer Pierpaolo Barbieri. Uala announced the purchase of ABC in November 2021, with the acquisition still pending regulatory approval.