Plata, a Mexican fintech founded by former Tinkoff Bank executives, raised $250 million in a Series B led by Kora Management, Moore Capital Management, and TelevisaUnivision, doubling its valuation to $3.1 billion. Having secured a full banking licence in December 2024, Plata is transitioning from a credit and BNPL provider into a full-service digital bank serving underbanked populations. The funding will support the launch of SME lending, payroll, and international transfer products in Mexico and new markets like Colombia, reinforcing Plata’s position as one of Latin America’s fastest-growing fintech challengers.

Mexican Fintech Plata Raises $250M Series B, Doubles Valuation to $3.1 Billion