Plata, a Mexican fintech challenger, has secured up to $500 million in private credit financing from Nomura Securities International, marking the largest such deal for a Mexican fintech and lifting total institutional funding above $1.6 billion. The financing underwrites Plata’s transition from a high-growth BNPL and consumer credit provider into a fully licensed digital bank following regulatory authorization in late 2024. Strategically, the deal signals strong global investor conviction in Plata’s scaled consumer base and unit economics, while positioning it to compete directly with traditional banks by internalizing funding, balance-sheet control, and regulatory standing.

Mexican Unicorn Plata Lands $500M Financing From Nomura