Plata Reaches $5 Bn Valuation with $405 Mn Series C Fundraise

The round was led by Bicycle Capital and included new investors Qatar Investment Authority (QIA), BTG Pactual, Valor Capital Group, and others. Existing investors Kora, Hedosophia, Spice Expeditions, and Audeo Ventures also participated. The Series C was multiple times oversubscribed, reflecting strong institutional demand. With over $2 billion in total debt and equity raised, Plata has surpassed $600 million in annualized revenues in under three years, faster than any digital bank ever built, anywhere in the...

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