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.
Amount Raised
$405 Million
Round Type
Series C
Mexico CityFinanceFintechLendingBankingInvestors
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.
Quick answer
Plata raised $405 Million in a Series C round, dated April 17, 2026. Investors: Btg Pactual, Valor Capital Group, Kora, Hedosophia, Spice Expeditions, Audeo Ventures, Qatar Investment Authority and Bicycle Capital. Plata is based in Mexico City, Mexico City, Mexico.
- How much did Plata raise?
- Plata raised $405 Million in a Series C round on April 17, 2026.
- Who invested in Plata?
- Btg Pactual, Valor Capital Group, Kora, Hedosophia, Spice Expeditions, Audeo Ventures, Qatar Investment Authority and Bicycle Capital are named as investors in this round.
- What does Plata do?
- Plata is a high-tech Mexican financial platform authorized with a Banking license.
- Where is Plata based and how big is it?
- Plata is based in Mexico City, Mexico City, Mexico. Fundz records about 1,500 employees.
- Who are the decision-makers at Plata?
- Fundz holds 1 contact at Plata. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Finance and Fintech around the same time
Companies in the same sectors as Plata that raised within 45 days of this round, from Fundz verified event records.
- Mal raised $230M (Seed) on May 19, 2026.
- Varo raised $124M (Series G) on May 17, 2026.
- Mercury Technologies raised $200M on May 8, 2026.
- Bread Financial™ raised $115M (Post-IPO Equity) on May 6, 2026.
- Ally Financial raised $1B (Post-IPO Equity) on May 2, 2026.
- Slash raised $100M (Series C) on April 17, 2026.
Who to call at Plata, and when
A new round usually means Plata is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Plata raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Plata, from your own LinkedIn network
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