Mexican FinTech Plata, a digital banking platform, has raised $250m in a Series B funding round that doubles its valuation to $3.1bn.
The round was led by Kora Management, Moore Capital Management, and TelevisaUnivision, with additional participation from Audeo Ventures, claims FinTech Finance.
Plata, founded by Alexander Bro, Danil Anisimov, and CEO Neri Tollardo, launched in April 2023 with a mission to expand financial access across Mexico’s underbanked population. The platform initially offered credit cards, buy now, pay later (BNPL) products, and other digital banking services designed to make credit more accessible to consumers traditionally excluded from mainstream banking.
The new funds will be used to accelerate Plata’s transition from a card issuer to a fully fledged digital bank. Following its approval for a full banking licence from the Comisión Nacional Bancaria y de Valores (CNBV) in December 2024, Plata plans to expand its offerings with payroll solutions, SME lending products, and international transfer capabilities. Bloomberg reported that the company also intends to expand its footprint into other Latin American markets, including Colombia.
Plata has already demonstrated strong investor confidence in its growth trajectory. The FinTech raised $160m in a Series A equity round in March 2025, led by Kora Management and supported by US and European investors such as Moore Strategic Ventures. Prior to that, in May 2025, the company secured a $100m credit facility from Fasanara Capital, bringing its total raised capital to around $1bn in combined debt and equity financing.
The latest investment marks another milestone in Plata’s ambition to become one of Latin America’s leading digital banking challengers, positioning itself as a key player in the region’s rapidly evolving financial ecosystem.
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