Plata Achieves $5 Billion Valuation with $405 Million Series C Fundraising
Plata, a digital bank operating in Latin America, has raised $405 million in its Series C round at a $5 billion valuation, making it the region's most valuable privately held digital bank. The funding was led by Bicycle Capital and included new investors such as Qatar Investment Authority and BTG Pactual, with existing investors also participating. The company has surpassed $600 million in annualized revenues in under three years.
Topics: digital_bank funding investment plata series_c valuation