Plata, a Mexico City, Mexico-based digital bank, raised an undisclosed amount in Series A funding, at a USD 1.5 Billion valuation.
The Series A raised USD 160M in a combined equity round, led by Kora, subject to regulatory approvals. It also saw participation from Moore Strategic Ventures, among other U.S. and European investors. Following this transaction, Plata has now secured a total of USD 750M in debt and equity investment since its inception to deploy in Mexico.
The company intends to use the funds to expand operations and its business reach to consolidate its position in Mexico.
Led by Neri Tollardo and Danil Anisimov, Plata is a digital bank that received its banking license authorization in December 2024. Launched in April 2023, the company has grown to a global team of over 1,500 employees, with close to 40% of them STEM professionals and responsible for the development of its own core banking system (infrastructure, systems, and applications).
FinSMEs
12/03/2025