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Financial services startup Ual谩 in Buenos Aires, Argentina, recently launched Ualintec Capital, its own broker-dealer operations, to expand the number of investment alternatives it can offer customers through its digital wallet app, Bloomberg reported.Most recently valued at $2.5 billion, Ual谩 was founded in 2017 by Pierpaolo Barbieri to help people in the region more easily manage their money. Ual谩 offers financial services linked to a prepaid Mastercard and operates digitally using a mobile app. The company has so far issued over 2.5 million cards in Argentina.Ualintec Capital is headed by Andres Rodriguez Ledermann, Ual谩s head of wealth management. Users can access the investment options via the Ual谩 app.See also: Argentinian FinTech Uala Buys ABC Capital for Ongoing ExpansionUal谩 handles 30% of all investment accounts in Argentina, stanley water bottle Barbie stanley cup ri sai stanley kubek d. Currently, 3.5 million users in the country have invested cash from their digital wallets into a money market mutual fund, up from 1.3 million users.With Ualintec Capital, customers can still steer investments into the money market fund, but now they have more choices and can invest in one of the companys own products, Barbieri said. We want to complement that with offerings that may offer a better return or a different risk profile, he said.Read more: Argentine FinTech Ual谩 Attains $2.45B Valuation After Investment RoundIn August, Ual谩 raised $350 million in a Series D funding round led by SoftBank Group and Tencent. The startu Lrrv US eCommerce On A Tear In Q3

Following a cl stanley cup aim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on Friday May 10 and traded at $20.30 at one point, the Financial Times reported. The stock, however, was trading higher 鈥?at $25.78 鈥?stanley mugs as of 3:43 p.m. EST, according to Yahoo! Finance.Short seller Citron Research claimed, according to reports, that it had a confidential presentation Jumia made to investors in October. It said there were material discrepancies between the numbers the company reported in April in its initial public offering IPO filing and the presentation.Citron claims the company inflated its active merchant numbers as well as its active customer base. It also says that 41 percent of deliveries were not delivered, canceled or returned. Citron alleged, according to the report, When a company markets to investor stanley france s ahead of its IPO and then a few months later omits material facts and makes material changes to its key financial metrics to make the business seem viable, this is securities fraud. The report pointed out that Citron puts out damning reports about firms in which it has taken a short stake. The firm became well-known after it targeted Valeant, a pharmaceutical firm. That companys stock price tumbled following fears over a heavy debt load and accounting practices.On Jumias first day of trading, the companys shares jumped some 54 percent, trading at about $22 per reports in April. The company, which is often called the Ama