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Investing.com -- Mexican fintech company Plata has raised $250 million in a new equity funding round that values the company at $3.1 billion, as it prepares to transition into a full-service bank, according to Bloomberg, citing a statement from Plata.
This latest capital injection follows a $160 million fundraising earlier this year, making it one of the largest funding rounds for a fintech company in Latin America in 2025. The investment round attracted participation from Kora, Moore Strategic Ventures LLC, and TelevisaUnivision.
Plata, which currently only offers credit cards, received approval for a banking license from Mexican regulators in December 2024. The company is now in the final stages of audits before launching banking operations.
The banking license will enable Plata to expand its product portfolio to include payroll access and debit services, among other financial products.
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