Latin America’s Digital Bank Plata Secures $405 Million in Series C Funding, Reaching $5B Valuation
By Omar Faridi
Plata, a technology-focused digital bank serving Latin America, has completed a $405 million Series C funding round. This investment values the company at $5 billion, establishing it as the most valuable privately held digital bank in Latin America. The round was spearheaded by Bicycle Capital and drew participation from several new backers, including the Qatar Investment Authority (QIA), BTG Pactual, Valor Capital Group, and a global long-only active fund / asset manager.
Photo courtesy of Monito – Money Transfer Comparison.
Source: Crowdfund Insider (link opens in a new window)
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