Digital banking startup Uala will double the size of its operations in Argentina and Mexico with a $64 million investment as it seeks to convince more people across Latin America to skip traditional banking in favor of digital, the head of the company said on Friday. Pierpaolo Barbieri, the Argentine company’s founder, said that the investment would double Uala’s 800-strong headcount and operating space. Ultimately, he said there was potential for Uala to reach out to the unbanked in countries such as Peru, Paraguay, Colombia and Chile as well as eventually the United States and Europe. Reuters reports. Brazil’s Amazon: Deforestation rises ahead of dry season Deforestation of the Amazon rainforest in Brazil rose by 43 percent in April compared to the same […]
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