Plata
Mexican digital bank, operating as Banco Plata since March 2026, that grew from credit cards and lending and raised a $405M Series C at a $5B valuation in April 2026.
Industry: Digital banking | Location: Mexico City, Mexico | Founded: 2023 | Total Funding: USD 1.3B
About Plata
Plata is a Mexican digital bank whose legal entity is Banco Plata, S.A., Institución de Banca Múltiple, registered in Mexico City. It began with a credit card and lending, started operating in Mexico in 2023 and has since added deposit and debit products. Mexico's banking regulator, the CNBV, authorised it to operate as a bank in February 2026, and it launched full banking operations as Banco Plata in March 2026. Its Colombian unit received authorisation in July 2025 to incorporate a financing company.
Neri Tollardo is co-founder and chief executive. FinTech Global named Danil Anisimov as a co-founder in March 2025, and Marcos Kantt is chief financial officer. El CEO reported in July 2026 that Michael S. Piwowar and John J. Sullivan would join the board of Plata's US parent company from 1 August 2026.
Plata's website lists Plata Crédito, Plata Cuenta accounts, investments and Plata Negocios, a business account, and the bank supports Apple Pay. Operations are fully digital. In April 2026 FinTech Global reported more than 3.5 million active credit card customers, including more than 750,000 first-time cardholders, a loan portfolio of about 800 million dollars and annualised revenue above 600 million dollars. It said the technology stack was built in-house by more than 800 engineers and other STEM staff.
In December 2025 Nomura arranged a financing facility of up to 500 million dollars for the company.
Kora led a 160 million dollar Series A in March 2025, reported at a 1.5 billion dollar valuation. In October 2025 Plata announced a 250 million dollar Series B, again led by Kora, at a 3.1 billion dollar valuation, combining new shares with a secondary sale. In April 2026 it raised a 405 million dollar Series C at a 5 billion dollar valuation, led by Bicycle Capital with Qatar Investment Authority, BTG Pactual and Valor Capital Group joining new investors, and with Morgan Stanley as placement agent. LatamList reported total funding above 2 billion dollars in debt and equity.
Leadership
- Neri Tollardo, Co-founder and Chief Executive Officer
- Danil Anisimov, Co-founder
- Marcos Kantt, Chief Financial Officer