US EditionRussia’s Tinkov and Calvey Bet on Mexican Fintech as Plata Targets $10bn IPO
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Russia’s Tinkov and Calvey bet on Mexican fintech as Plata targets $10bn IPO
Two of the most prominent figures in post-Soviet finance, Oleg Tinkov and Michael Calvey, have reunited as investors in Plata, a rapidly growing Mexican fintech aiming to replicate the success of Tinkoff Bank, Russia’s first online-only fintech.
·Berlin, Germany
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Businessmen Oleg Tigkov and Michael Kalvi reported on the Elizabeth Osetinsky YouTube Show about their Mexican Fintha Startup Plata, a completely digital bank without "physical" branches (the same concept as the Russian Tinkoff Bank). Plata was founded in 2023. Kalvi, Tinkoff, and several former Tinkoff top managers invested a total of about $300 million in the start-up. The company is now valued at $1,500 billion, its monthly revenue is estimat…
·Riga, Latvia
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