Mexican fintech Plata has landed $250 million in a Series B investment round led by Kora Management, Moore Capital Management, and TelevisaUnivision, with additional participation from Audeo Ventures. The funding round values Plata at $3.1 billion.
Founded by former Tinkoff Bank executives Alexander Bro, Danil Anisimov, and CEO Neri Tollardo, Plata launched in April 2023 with an initial focus on providing credit cards, buy now, pay later (BNPL), and other digital banking services to underbanked populations in Mexico.
After less than two years on the market, the fintech successfully secured approval for its full banking licence with the Comisión Nacional Bancaria y de Valores (CNBV) in December 2024, commencing its evolution from card provider to digital banking challenger.
Plata laid the foundations for this shift by raising $160 million in a combined Series A equity round in March 2025. The raise valued Plata at $1.5 billion and was led by Kora Management, with noted participation from US and European investors, including Moore Strategic Ventures.
The company is now understood to have raised around $1 billion in combined debt and equity financing to date, including a $100 million credit facility arranged with Fasanara Capital in May this year.
Bloomberg reports that Plata will use the latest round of funds to finish finalising its full-scale launch as a bank, which includes further product development with payroll, SME lending, and international transfer capabilities in the pipeline, alongside plans to extend services to additional markets such as Colombia.
Source: https://www.fintechfutures.com/
