Less than two years after launch in April 2023, Plata’s valuation reached USD 1.5B after receiving its banking license authorization in December 2024, surpassing one million active customers in early 2025. The USD 160 million Series A equity round brings the total investment that Plata has made into the Mexican economy since its launch to over USD 750 million. Series A, which positions Plata as one of Mexico’s most valuable Digital Banks*, was led by Kora. Plata, the Mexican digital bank that received its banking license...