Plata Closes Series A Funding

Digital bank Plata garners $160m at $1.5bn valuation

Mexican digital bank Plata has raised $160m in its Series A funding round with a valuation of $1.5bn. The round, subject to regulatory approvals, was led by Kora. It also included contributions from Moore Strategic Ventures and other investors from the US and Europe. With this latest round, Plata’s total debt and equity investment since its inception amounts to $750m. This comes less than two years after the bank began operations and exceeded on…

Plata joins unicorn club with $160m Series A funding round

Mexican digital bank Plata, a rapidly growing FinTech company, has achieved unicorn status following a $160m in its Series A funding round. The tranche has seen its valuation skyrocket to $1.5bn, according to Finextra. . The investment was led by Kora and included participation from Moore Strategic Ventures, among other backers. The Mexico City-based digital bank was founded by international banking executives, including Neri Tollardo and Danil …

Plata raises USD 160 million in Series A funding round

Mexico-based fintech startup Plata has announced the rise of USD 160 million in a Series A funding round, becoming one of the region’s unicorn startups.

Plata Closes Series A Funding

Plata, a Mexico City, Mexico-based digital bank, raised an undisclosed amount in Series A funding, at a USD 1.5 Billion valuation. The Series A raised USD 160M in a combined equity round, led by Kora, subject to regulatory approvals. It also saw participation from Moore Strategic Ventures, among other U.S. and European investors. Following this transaction, Plata […] The post Plata Closes Series A Funding appeared first on FinSMEs.