In a landmark moment for Mexico’s fintech sector, start-up Plata has vaulted into unicorn status, securing a $160 million Series A funding round and reaching a valuation of $1.5 billion. This significant milestone positions Plata as a key player in Latin America’s burgeoning digital banking industry, marking the first fintech unicorn emergence in the country in three years.
The funding round was led by New York-based investment firm Kora, with participation from Moore Strategic Ventures and a group of undisclosed U.S. and European investors. The infusion of capital elevates Plata’s total funding to an impressive $750 million, including a previously secured $200 million warehouse facility from London-based asset manager Fasanara Capital.
