BNamericas - Ualá acquisition of Wilobank is approved
Summary
This is a machine translation of the original release issued in Spanish The Central Bank of the Argentine Republic (BCRA) approved the operation between Eduardo Eurnekian and Ualá. “The acquisition of Wilobank will significantly expand the value proposition of the Ualá ecosystem, offering better credit and collection tools not only for individuals but also for entrepreneurs. “As investors and shareholders in Ualá we can continue betting on the expansion of the financial ecosystem in Argentina, in the region and in the world”, added Eduardo Eurnekian, founder of Corporación América. In the next few days, the share transfer process will be completed, starting a period of integration between both companies that will allow Ualá to expand its range of services and thus offer more and better financial solutions. With operations in Argentina and Mexico, and its recent arrival in Colombia, Ualá is one of the fastest growing companies in Latin America, positioning itself as one of the 10 most valuable Challenger Banks (1) in the world, with a valuation of US$2,450 M , which led it to deserve the title of "unicorn".
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