Plata
Founded Year
2022Stage
Series A | AliveTotal Raised
$260MValuation
$0000Last Raised
$160M | 22 days agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+136 points in the past 30 days
About Plata
Plata serves as a financial technology company specializing in consumer credit and financial management services. The company offers an online platform for credit card applications, featuring a card with cashback rewards, buy now pay later options, and a user-friendly mobile app for managing finances. Plata's credit card also provides security features, and interest-free installment plans, and is backed by Mastercard certification. It was founded in 2022 and is based in Mexico City, Mexico.
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Expert Collections containing Plata
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Plata is included in 4 Expert Collections, including Payments.
Payments
3,123 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
13,662 items
Excludes US-based companies
Digital Lending
2,374 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Unicorns- Billion Dollar Startups
1,270 items
Latest Plata News
Mar 15, 2025
Plata becomes Mexico’s newest unicorn with $160M Series A Shares Mexican fintech Plata raised a $160M Series A round led by Kora , with participation from Moore Strategic Ventures and other undisclosed investors. The funding brings Plata’s valuation to $1.5B, following a $55M debt round in November 2024. Plata is Mexico’s latest unicorn, following Stori , which reached the milestone in July 2022. Plata offers credit cards, cashback, and BNPL services, expanding access to credit in Mexico’s underserved population. Plata will use the funds to expand its financial services and scale its operations in Mexico. “Mexico is experiencing a unique opportunity for financial innovation. A young population and increasing regulatory support are creating a strong environment for investment in banking,” said Neri Tollardo , CEO of Plata. Founded in 2023, Plata has over 1M active credit card users, and has raised a total of $750M in debt and equity to date.
Plata Frequently Asked Questions (FAQ)
When was Plata founded?
Plata was founded in 2022.
Where is Plata's headquarters?
Plata's headquarters is located at Mariano Escobedo 476, Anzures, Miguel Hidalgo, Mexico City.
What is Plata's latest funding round?
Plata's latest funding round is Series A.
How much did Plata raise?
Plata raised a total of $260M.
Who are the investors of Plata?
Investors of Plata include Greenoaks, Coatue, Moore Strategic Ventures, Kora Management and Fasanara Capital.
Who are Plata's competitors?
Competitors of Plata include Credivalores-Crediservicios and 6 more.
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Compare Plata to Competitors
KabCash operates as a financial technology company within the buy now, pay later sector. The company offers a service that allows customers to generate a virtual card for online purchases, which can be paid for over a period of up to six fortnights. It primarily serves the e-commerce industry in Mexico. It was founded in 2021 and is based in Mexico City, Mexico.
Cashea is a financial technology company specializing in installment payment solutions. The company offers a buy now, pay later service that allows customers to make purchases and pay in interest-free installments. It primarily serves the retail sector. It was founded in 2022 and is based in Caracas, Venezuela.
Start Banregio provides leasing and financing solutions for vehicle fleets and productive assets within the financial services sector. The company offers services including full-service leasing, fleet management, employee vehicle plans, and financing for operational machinery and computing equipment. Start Banregio serves businesses that need asset management and leasing solutions. It was founded in 2010 and is based in Nuevo Leon, Mexico.
SURA Investment Management specializes in investment management services within the financial sector. The company offers a range of products including debt funds, international funds, equity funds, and solutions like pension plans and savings funds. SURA Investment Management primarily caters to institutional clients, offering services such as portfolio management, risk management, and financial advisory. It was founded in 2011 and is based in Mexico City, Mexico.
Banamex offers financial services to companies and individuals, including commercial banking and investment, insurance, and investment management. Banamex was formerly known as Citibanamex. It was founded in 1884 and is based in Santa Fe, Mexico.
Cooprogreso is a financial institution that provides a range of banking and financial services. The company offers savings accounts, credit facilities, investment options, and insurance products designed to meet the financial needs of individuals and businesses. Cooprogreso primarily serves the financial services sector, with a focus on contributing to the sustainable progress of households in the country. It was founded in 1969 and is based in Quito, Ecuador.
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