Plata, a Mexico City-based digital bank, raised $405M in Series C funding led by Bicycle Capital at a $5.0 billion valuation to expand operations.
PRIVATEApr 17, 2026
Amount Raised
$405 Million
Round Type
Series C
Mexico CityFinanceFintechLendingBanking
Investors
Btg PactualValor Capital GroupKoraHedosophiaSpice ExpeditionsAudeo VenturesQatar Investment AuthorityBicycle Capital
Description
Plata, a digital bank operating in Latin America, secured $405M in Series C funding. The funding round, which has a valuation of $5.0 billion, was led by Bicycle Capital with participation from several new and existing investors. The company plans to use the funds to enhance its operations and development efforts. Since its inception three years ago, Plata has served over 3.5 million active customers.
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Company Information
Company
Plata
Location
Mexico City, Mexico City, Mexico
About
Plata is a high-tech Mexican financial platform authorized with a Banking license. Plata's promise in Mexico is to raise the standards of financial products and services through innovation, excellence in customer service, and greater benefits for people's money. Plata is on the mission to transform the Mexican financial experience by overcoming the limitations of traditional banking. Backed by its own technology, Plata offers a simpler, safer, and more efficient financial experience.
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Mexico CityFinanceFintechLendingBanking