Dec 15 (Reuters) – Mexican financial technology company Plata said on Monday it has raised up to $500 million in a financing deal arranged by Nomura Securities International, as it moves toward becoming a full-fledged bank. The licensed digital financial platform, which received authorization for a banking license in December 2024, is now in the […]
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Plata raises up to $500 million as it readies Mexico bank
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Dec 15 (Reuters) – Mexican financial technology company Plata said on Monday it has raised up to $500 million in a financing deal arranged by Nomura Securities International, as it moves toward becoming a full-fledged bank.
The licensed digital financial platform, which received authorization for a banking license in December 2024, is now in the final stages before starting operations.
In October, the company closed a $250 million equity round led by Kora Management, with participation from Moore Capital Management and Audeo Ventures, which doubled its valuation to $3.1 billion.
Plata’s investor base spans the U.S., Europe, Japan and Latin America, reflecting growing international interest in Mexico’s financial technology sector, it said.
The company uses proprietary technology and AI in its offering and has 2.5 million active credit customers.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Tasim Zahid)