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Goldman Sachs has joined George Soros and Steve Cohen in backing an Argentinian mobile banking startup





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  • Ualá, an Argentinian mobile banking startup, has raised $34 million in a new round of funding led by Goldman Sachs’s venture unit, along with investors including billionaire George Soros‘ family office and Point 72 Venture, the early-stage VC firm funded by Steve Cohen.
  • The company – which offers a financial management app and a fee-free prepaid MasterCard – aims to disrupt the traditional retail banking infrastructure, according to Pierpaolo Barbieri, founder and CEO of Ualá.

Goldman Sachs’ venture unit is leading a new round of investment in an Argentinian fintech company backed by billionaire investors George Soros and Steven Cohen.

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Source:: BusinessInsider.Com

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