BUENOS AIRES: Argentina's fintech unicorn Uala will invest US$150 million over the next 18 months to boost its digital banking business, mainly in Mexico and Colombia, its Chief Executive Pierpaolo Barbieri said in an interview with Reuters.
"In the next 18 months alone we are going to invest US$150 million more in growth," Barbieri, 35, said at the companies offices in Buenos Aires."Most of those funds are going to be destined to push growth in Mexico and Colombia. "In a market context where others are cutting investment, we are expanding because we already have the capital," said Barbieri, adding the firm wanted to expand its financial offerings into debit cards, loans, investments, and insurance.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Where to invest your millions in real estateIndividuals seeking shelter in the real estate market amidst the rising inflation must consider three things before deciding where to invest their millions in.
Source: SBRMagazine - 🏆 13. / 51 Read more »
Kim Kardashian pays $1.8 million fine for paid crypto ad, SEC saysWASHINGTON - Kim Kardashian has promoted everything from appetite-suppressing lollipops to melon-flavored liqueur to toilet paper, but it was her foray into the murky world of cryptocurrencies that got her into hot water. The reality television star and influencer has agreed to settle charges of unlawfully touting a crypto security and to pay $1.26 million (S$1.8 million) in penalties and...
Source: asiaonecom - 🏆 10. / 59 Read more »
Solomon Islands says it will not 'choose sides' between US and ChinaIt had objected to the first draft of a US-Pacific partnership statement due to indirect references to China. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
US to impose costs on Iran for crackdown on protests, Biden saysHe vows a swift response as Iran’s supreme leader backs morality police. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »