Mexican fintech challenger Plata has secured up to $500 million in financing from Nomura Securities International, one of Japan’s largest investment banks.
This financing, described as “the largest private credit financing ever raised by a Mexican fintech”, brings Plata’s total institutional funding to over $1.6 billion.
Earlier this year, the company raised $160 million in Series A funding at a valuation of $1.5 billion in March 2025. Its valuation doubled to $3.1 billion in October following a $250 million Series B round led by Kora Management, Moore Capital Management, and TelevisaUnivision.
Plata, which specialises in consumer credit products such as buy now, pay later (BNPL) services, credit cards, and cashback offerings, says that its latest financing will support the company as it “continues to work towards launching operations as a bank”.
With over 2.5 million customers, Plata received its banking licence authorisation from the Comisión Nacional Bancaria y de Valores in December 2024, two years after initiating the process to become a digital banking challenger.
CEO and co-founder Neri Tollardo states that the financing “brings us closer to the launch of our banking operations and confirms that a solid model can compete globally”.
Source: https://www.fintechfutures.com/
