Plata announced that Banco Plata has secured $300 million in commitments from Oaktree, Macquarie Group, Fasanara Capital, and Banco Covalto under a Nomura-led private credit facility of up to $500 million that was originally executed in December 2025. The new commitments supplement Nomura’s initial participation and are intended to strengthen the company’s funding profile as it enters its next phase of growth.
The financing follows two major milestones for the company. In March 2026, Banco Plata launched full banking operations in Mexico, and more recently, its parent company completed a $405 million Series C financing round at a $5 billion valuation. The company said the additional institutional debt capital enhances its diversified funding strategy, which combines equity, customer deposits, and institutional financing.
Plata plans to use the funding to support the continued expansion of its banking operations across Mexico. The company noted that broadening its capital base is a key component of its long-term growth strategy as it scales its services and customer reach.
Founded three years ago, Plata has grown into a technology-driven financial institution serving more than 4 million active customers. The company has raised over $2 billion in debt and equity financing and has developed its own proprietary technology stack, including a core banking system, customer relationship management platform, and AI-powered risk engine. Its technology infrastructure was built internally by a team of more than 800 STEM professionals.
The participating lenders represent a diverse group of institutional investors and financial organizations. Oaktree manages approximately $224 billion in assets and is known for its alternative investment strategies across credit, equity, and real estate. Fasanara Capital manages more than $4 billion in assets and specializes in fintech lending investments, supporting over 140 fintech lenders across more than 60 countries. Banco Covalto is a Mexican digital banking institution focused on serving small and medium-sized businesses and mid-market companies through lending, banking, payments, and analytics solutions.
According to Plata, the addition of these institutions to the facility underscores growing confidence in the company’s business model and funding structure as it seeks to build one of the leading digital banking platforms in Latin America.
KEY QUOTE:
“These are among the most sophisticated institutional lenders globally and having them committed to our platform is a reflection of the funding structure we are building, one that is durable, cost effective, and less reliant on short-term capital.”
Marcos Kantt, Chief Financial Officer, Plata
