Plata, a rapidly expanding Mexican digital financial platform, announced that it has completed a $250 million equity round, doubling its valuation to $3.1 billion. The funding round, which includes both primary and secondary equity transactions, was led by Kora, with participation from Moore Strategic Ventures, Audeo Ventures, Spice Expeditions, Hedosophia, and several U.S. and European family offices. It also builds on an earlier investment from Televisa-Univision.
This new round of capital reinforces Plata’s position as one of the most dynamic digital financial platforms in Latin America and highlights growing investor confidence in Mexico’s fintech ecosystem. Having secured its banking license in December 2024, Plata is now awaiting regulatory approval to begin formal banking operations. The company has already surpassed two million active credit customers in less than 30 months, an achievement that cements its reputation as the fastest-growing digital finance provider in the region.
Plata has invested more than $1 billion in Mexico to date, channeling global capital into one of the world’s most promising emerging markets for digital financial services. The company’s success comes at a time when approximately 60 percent of Mexico’s adult population still lacks access to credit, creating vast potential for financial inclusion and innovation. Plata’s expansion strategy is designed to close this gap by leveraging technology and operational efficiency to deliver accessible, compliant, and customer-centric financial solutions.
The company’s technology stack has been built entirely in-house, giving Plata complete control over its digital infrastructure. Its proprietary core banking system enables a branchless model that combines automated risk management, continuous customer support, and strict adherence to regulatory standards established by the Central Bank of Mexico and the Comisión Nacional Bancaria y de Valores (CNBV). Plata’s compliance framework and digital infrastructure allow it to operate securely while maintaining agility in product development and service delivery.
How the funding will be used: The funding will support Plata’s continued growth as it prepares to launch its banking operations and expand its suite of financial products. Investors view Plata as a benchmark for digital banking in emerging markets, citing its strong leadership, rapid execution, and technological sophistication as key differentiators.
KEY QUOTES:
“The growth we have achieved in such a short time demonstrates a clear strategy and a shared conviction: build a strong institution from its foundations. This transaction reflects investors’ confidence, the strength of our technological model, and the talent we have assembled. We set out to create a digital bank built on innovation, operational excellence, compliance, and efficiency—and today, we are seeing the results of that effort.”
Neri Tollardo, Co-Founder and CEO, Plata
“We believe Plata represents the new standard for digital banking in emerging markets. In a very short time, the company has demonstrated impressive execution, combining technological innovation with a clear vision for financial inclusion. We are excited to continue strengthening our partnership and to support Plata in this new phase of growth.”
Nitin Saigal, Co-Founder, Kora
