Mexican digital bank Plata has raised $160 million in a Series A funding round. This funding will help Plata scale further as it joins the unicorn club with a valuation of $1.5 billion.
Mexican digital bank Plata has raised $160 million in a Series A funding round. This funding will help Plata scale further as it joins the unicorn club with a valuation of $1.5 billion.
03/13/25, 12:29 AM
Location
mexico cityMoney raised
$160 million
Industry
banking
lending
fintech
finance
financial services
Round Type
series a
Investors
Moore Strategic Ventures, Kora
Less than two years after launching, Plata has achieved significant milestones, including more than a million active credit card users and a banking license authorization. The round was led by Kora, with participation from Moore Strategic Ventures. The company was founded in Mexico City by seasoned banking executives and has focused on technological solutions for its services. CEO Neri Tollardo expressed confidence in their customer-facing app, which sets a benchmark for financial services in Latin America.
Company Info
Location
mexico city, mexico city, mexico
Additional Info
Plata is a Mexican digital bank that started operations in April 2023. Founded by international banking executives, it has quickly scaled to over a million active credit card users. The bank focuses on technological solutions accessible through a user-friendly app. Plata aims to set a benchmark for financial services in Latin America.