FILE PHOTO: Pierpaolo Barbieri, founder of Argentine mobile banking startup Uala, speaks during an interview with Reuters at his company's offices in Buenos Aires, Argentina November 13, 2017. REUTERS/Marcos Brindicci/File Photo
(Reuters) - Argentine digital banking startup Uala announced its launch in Colombia on Thursday, a new frontier for the firm as it expands in Latin America and looks to tap in to the region's millions of unbanked savers.
The so-called unicorn with a valuation of over $1 billion, whose investors include Chinese technology giant Tencent and Japan's SoftBank, said it would start in Colombia with an initial $80 million investment.
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