Business

Argentine fintech Ualá launches broker that allows investment in dollars

The feature will allow Argentines to invest in bonds, and shares with dollars

Photo: Ualá/Courtesy
  • Ualá users will be able to invest in bonds, shares, among other investment options;
  • The fintech recently became the eighth company to reach billionaire status in Argentina.

Argentina‘s answer to Brazilian Nubank, unicorn Ualá launched Ualintec Capital, a new brokerage to expand investment options. Through Ualintec Capital, in the coming months, Ualá users will be able to invest in bonds, shares, among other investment options.

“At Ualá we continue to listen to our users and innovate according to their needs, adding new and better savings and investment alternatives to advance financial inclusion in the region and promote access to the capital market. Therefore, Ualá users will be able to invest in a simple, transparent and 100% online way through Ualintec Capital, which represents an important technological leap for the industry,” said Andrés Rodríguez Ledermann, Director of Wealth Management at Ualá, in a press statement.

READ ALSO: Latin America’s new unicorn: Ualá raises $350 million from SoftBank and Tencent

Ualá, which offers an app and other tools for managing personal finances, recently became the eighth company to reach the billionaire status in Argentina. It joined the horn list after Mercado LibreGlobantOLXAuth0 (acquired for $6.5 billion by the US-based Okta last year), Vercel, Aleph, and, most recently, Mural.

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