Mexican Digital Bank Plata Raises USD 250 Million Series B, Doubling Valuation to USD 3.1 Billion

Mexican digital financial platform Plata has raised USD 250 million in a Series B funding round, in the process doubling its valuation from USD 1.5 billion to USD 3.1 billion in seven months. The round was announced on 20 October 2025 and was led by Kora Management, with participation from Moore Strategic Ventures, Audeo Ventures, Spice Expeditions, Hedosophia and several US and European family offices; the round builds on an earlier investment by TelevisaUnivision.

Plata secured its banking licence from Mexico's Comisión Nacional Bancaria y de Valores in December 2024. Once Plata receives authorisation to begin banking operations, that licence will turn it from a digital financial services platform into a deposit-taking bank.

PLANNED BANKING PRODUCTS

With the CNBV licence secured, Plata is preparing to launch full banking operations encompassing payroll services, small and medium enterprise lending, and international money transfer capabilities.