Plata, a Mexican FinTech platform focused on digital financial services and banking infrastructure, has arranged a financing facility of up to $500m through Nomura Securities International, marking the largest funding ever secured by a Mexican digital financial services company.
The new financing was secured to support Plata’s rapid growth trajectory as it prepares to launch operations as a regulated bank. The FinTech already received authorisation for its banking licence in December 2024.
Plata develops and operates a high-tech financial platform designed to modernise banking in Mexico. Its operating model has attracted strong interest from both investors and regulators in Mexico and the United States.
The newly arranged facility from Nomura represents a major step forward for the platform. It is the largest private credit financing ever raised by a Mexican FinTech and the first time a top-tier Japanese global financial institution has backed an operation of this scale in the country’s digital finance sector.
The transaction also adds to Plata’s previously closed and outstanding debt facilities with Fasanara Capital, Lumina Capital and a bond issuance in the Nordic capital markets.
With this latest facility, Plata has now surpassed $1.6bn in cumulative institutional funding since entering the Mexican market. The company’s investor base spans the US, UK, Europe, Japan and Latin America, underlining sustained global confidence. In October, Plata also closed a $250m equity round that doubled its valuation to $3.1bn.
Beyond funding, Plata has invested more than $1bn in Mexico and created over 3,000 jobs, including more than 500 engineering and technology specialists. The company now serves over 2.5 million active customers, supported by a hybrid model that combines digital operations with in-person verification to ensure secure onboarding.
Plata co-founder and CEO Neri Tollardo said, “Nomura’s support is more than a financial operation; it is a sign of confidence in Mexico and in the real possibility of building modern, disciplined, technology-driven institutions from our region. It brings us closer to the launch of our banking operations and confirms that a solid model can compete globally.”
Source: https://fintech.global/
